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Tokio Marine HCC International Acquires UK-Based Direct Commercial

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Tokio Marine (TYO:8766) subsidiary Tokio Marine HCC International acquired UK-based commercial motor managing general agent Direct Commercial, along with the latter's sister company, Direct Commercial Premium Finance, according to a Friday release.

The financial terms of the deal were undisclosed.

Established in 2002, Direct Commercial offers commercial motor products. The company writes over 200 million pounds sterling in gross written premiums, with over 200 employees.

Shares of Tokio Marine rose nearly 1% in recent trade.

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