Tokio Marine Holdings Inc. (8766.TO) will buy Delphi Financial Group (DFG) in a deal valued at around Y200 billion, the Nikkei reported in its Wednesday evening edition.

The deal is the he latest indication of how Japan's insurance companies are seeking growth opportunities overseas to offset the slump in business at home.

The Japanese company said President Shuzo Sumi will hold a press conference in Tokyo at 0700 GMT.

-By Tokyo Bureau, Dow Jones Newswires; 813-6269-2770

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