Tokio Marine HCC International Acquires UK-Based Direct Commercial
Tokio Marine HCC International (TMHCCI) has agreed to acquire Direct Commercial (DCL), a managing general agent specializing in commercial motor insurance within the UK. The acquisition will provide TMHCCI with entry into the UK's commercial motor segment and expand its presence in specialist insurance markets. DCL, based in Chelmsford, Essex, operates for over 20 years underwriting fleet insurance and has produced more than $271.8 million (£200m) in gross written premium. DCL will continue to operate independently post-acquisition with its branding, workforce, and broker relationships intact while becoming part of the Tokio Marine HCC group. The CEO of TMHCCI emphasized that DCL's expertise aligns well with their strategy for growth within technically demanding markets.
