M&A Deal Summary

Tokio Marine Holdings Acquires Philadelphia Consolidated Holding

On July 23, 2008, Tokio Marine Holdings acquired insurance company Philadelphia Consolidated Holding for 4.7B USD

Acquisition Highlights
  • This is Tokio Marine Holdings’ 2nd transaction in the Insurance sector.
  • This is Tokio Marine Holdings’ 2nd largest (disclosed) transaction.
  • This is Tokio Marine Holdings’ 2nd transaction in the United States.
  • This is Tokio Marine Holdings’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2008-07-23
Target Philadelphia Consolidated Holding
Sector Insurance
Buyer(s) Tokio Marine Holdings
Deal Type Add-on Acquisition
Deal Value 4.7B USD
Advisor(s) BofA Securities (Financial)
WolfBlock LLP (Legal)

Target

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.

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Buyer(S) 1

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 2 of 7
Sector (Insurance) 2 of 7
Type (Add-on Acquisition) 1 of 5
State (Pennsylvania) 1 of 1
Country (United States) 2 of 6
Year (2008) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-28 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-15 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.

Buy -
Mergr

Product

Company

Legal