Tokio Marine Aims for Global Expansion with Berkshire Hathaway Partnership
Tokio Marine plans to leverage a partnership with Berkshire Hathaway to expand globally and become one of the world's top five insurers within ten years. The deal involves Berkshire acquiring a 2.5% stake in Tokio Marine for $1.8 billion, which will support insurance M&A activities outside Japan.
Topics: global expansion insurance M&A