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Tokio Completes Delphi Acquisition to Add Safety National Casualty

Thursday, May 17, 2012 | 0

By Bill Kidd, Central Bureau ChiefJapan-based giant Tokio Marine Holdings officially completed its acquisition Wednesday of Delphi Financial Group and its subsidiary Safety National Casualty Corp., an excess workers’ compensation insurance provider based in St. Louis, Mo., and  licensed to provide coverage in the United States and Canada.Tokio Marine purchased another U.S. insurer, Philadelphia Insurance Cos., in 2008. Its newest acquisition will add to its presence in the American market. Tokio Marine paid approximately $2.7 billion in cash for Delphi Financial, which represen...

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