Tokio Marine to Buy Brazilian Insurers From ABN Amro

Tokyo, April 28 (Jiji Press)--Tokio Marine and Nichido Fire Insurance Co. said Thursday it will acquire two Brazilian insurance units of the Dutch financial giant ABN Amro group for 35.9 billion yen by this summer.The two firms are Real Seguros SA and Real Vida e Previdencia SA, both based in Sao Paulo.Together, Real Seguros and Real Vida make up the seventh largest insurance group in Brazil, posting premium revenue of 74.9 billion yen in 2004.....

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