Tokio Marine-backed Delphi Financial to acquire a majority stake in ACORE.

Tokio Marine-backed Delphi Financial, a financial holding company, agreed to acquire a majority stake in ACORE, an investment manager. Financial terms are not disclosed. “This transaction is a powerful endorsement of the platform we’ve collaboratively built over the past decade. Partnering more deeply with one of the world’s largest and most sophisticated insurers, enhances ACORE CAPITAL’s ability to provide best-in-class investment management for our investors. This partnership will accelerate the growth of the firm both in the US and internationally,” Warren de Haan, ACORE CAPITAL CEO.