Tokio Marine sets aside $10B for overseas acquisitions, with international biz now over 50% of profits.
Tokio Marine, the Japanese insurer, has $10 billion set aside for potential overseas acquisitions. Their international business now makes up more than 50% of the company's profits, up from less than 3% 20 years ago. Co-head of Tokio Marine's international business, Chris Williams, said in an interview that opportunities for acquisition are present in North America, Asia, Europe, Canada, and Australia.
March 20, 2024
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