M&A Deal Summary

Tokio Marine Holdings and CNA Acquire First Insurance Company of Hawaii

On June 28, 1999, Tokio Marine Holdings and CNA acquired insurance company First Insurance Company of Hawaii

Acquisition Highlights
  • This is Tokio Marine Holdings’ 1st and CNA’s 1st transaction in the Insurance sector.
  • This is Tokio Marine Holdings’ 1st and CNA’s 1st transaction in the United States.
  • This is Tokio Marine Holdings’ 1st and CNA’s 1st transaction in Hawaii.

M&A Deal Summary
Date 1999-06-28
Target First Insurance Company of Hawaii
Sector Insurance
Buyer(s) Tokio Marine Holdings
CNA
Deal Type Joint Venture

Target

First Insurance Company of Hawaii

Honolulu,, Hawaii, United States
First Insurance Company of Hawaii, provides a wide range of personal and commercial insurance products, which company distribute through 27 independent agencies throughout Hawaii.

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Buyer(S) 2

Buyer

Tokio Marine Holdings

Tokyo, Japan
Category Company
Founded 2002
Sector Insurance
Employees43,870
Revenue 7.08T JPY (2024)
DESCRIPTION

Tokio Marine Holdings is an entity which engages in non-life and life insurance, and financial and general businesses worldwide. Tokio Marine Holdings was founded in 2002 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 7
Sector (Insurance) 1 of 7
Type (Joint Venture) 1 of 1
State (Hawaii) 1 of 2
Country (United States) 1 of 6
Year (1999) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-23 Philadelphia Consolidated Holding

Bala Cynwyd, Pennsylvania, United States

Philadelphia Consolidated Holding Corp. is an insurance company offering specialty commercial property and casualty (P&C) products and services for targeted markets.

Buy $4.7B
Buyer

CNA

Chicago, Illinois, United States
Category Company
Founded 1853
Sector Insurance
Employees6,100
Revenue 13.1B USD (2023)
DESCRIPTION
Entrance to CNA's corporate headquarters in Downtown Chicago.
Entrance to CNA's corporate headquarters in Downtown Chicago.

CNA is a commercial insurance company. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. CNA was incorporated in 1853 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 3
Sector (Insurance) 1 of 3
Type (Joint Venture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 2
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-10 Auto and Home Insurance Unit of CNA

Chicago, Illinois, United States

The Auto and Home Insurance Unit of CNA is the consumer insurance arm of CNA Financial.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Sur Insurance Agency

Sioux Falls, South Dakota, United States

Sur Insurance Agency, Inc. is a insurance agent that provides property, casualty insurance services.

Buy -
Mergr

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