Tokio Marine HCC to acquire UK motor specialist Direct Commercial

Tokio Marine HCC International (TMHCCI) has signed a definitive agreement to acquire Direct Commercial Limited (DCL), a specialist UK commercial motor managing general agent, and its sister company, Direct Commercial Premium Finance Limited.

Headquartered in Chelmsford, Essex, DCL is a prominent motor fleet underwriter in the UK market, writing over £200 million in gross written premium. The company currently insures approximately one in nine commercial trucks on UK roads. The acquisition allows TMHCCI to enter the commercial motor business line, diversifying its specialty insurance portfolio.

DCL will continue to operate as a standalone business, maintaining its existing brand, staff, and broker relationships while utilizing the financial scale of the Tokio Marine HCC group. TMHCCI CEO Thibaud Hervy stated the deal is a “natural extension” of the company’s specialty strategy, adding specialist capability in the UK fleet insurance market.