FICOHFirst Insurance Company of Hawaii, Ltd. (Honolulu)
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FICOH provides property and casualty insurance business.
Tokio Marine bought an initial 40% in the US insurer in 1989 and later increased its stake to 50%.Country: USA, Sector: InsuranceTarget: First Insurance Company of Hawaii Ltd (FICOH)Buyer: Tokio Marine Holdings Inc, Tokio Marine & Nichido Fire Insurance Co LtdVendor: CNA Financial Corporation Deal size in USD: 165mType: Corporate acquisitionStatus: Agreed
Japanese insurer Tokio Marine (TYO:8766) said it would buy the remaining 50% not already owned in US sector player First Insurance Company of Hawaii (FICOH) from CNA Financial Corp (NYSE:CNA) for USD165m (EUR116m) and take full control of the firm.