Tokio Marine picks stake in S African insurer Hollard for $327m

Tokio Marine picks stake in S African insurer Hollard for $327m

Tokio Marine Holdings Inc President and CEO Tsuyoshi Nagano poses for a photo at the company headquarters in Tokyo June 4, 2015. REUTERS/Toru Hanai

Japanese insurer Tokio Marine Holdings Inc. agreed to buy a minority stake in South Africa’s Hollard Insurance Co Ltd. to help both companies expand through Africa.

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