Tokio Marine to buy UK fleet insurer Direct Commercial in Europe push

Business deals$360m deal aims to grow Japanese insurer's operations beyond North AmericaA U.S. subsidiary of Tokio Marine Holdings will acquire all shares of Direct Commercial as early as September. (Photo by Kazuma Shirokawa)MASAHIRO KURABAYASHIAugust 29, 2026 00:00 JSTTOKYO -- Tokio Marine Holdings will spend 265 million pounds ($359 million) to acquire U.K.-based Direct Commercial, a managing general agent for commercial vehicle fleet insurance, under plans announced Friday.