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Tokio Marine seeks $10B in global acquisitions to expand, led by new CEO Masahiro Koike.
Tokio Marine Holdings, Japan’s largest property and casualty insurer, is pursuing over $10 billion in international acquisitions to expand globally, focusing on small personal insurers and specialty lines in North America, Latin America, Southeast Asia, and Australia.
The strategy, led by new CEO Masahiro Koike, aims to grow its North American share to 70% and increase profits from Latin America and Southeast Asia to 10% and 15%, respectively.
The company plans to strengthen its Australian specialty operations through mid-sized deals and deepen its 22.5% stake in Africa’s Hollard Group without new acquisitions.
Funding comes from unwinding cross-shareholdings worth $25 billion.
Despite strong quarterly profits and a projected ¥1.04 trillion in adjusted annual net income, Tokio Marine emphasizes disciplined dealmaking to maintain underwriting quality and capital stability.
Tokio Marine busca $ 10B en adquisiciones globales para expandirse, dirigidas por el nuevo CEO Masahiro Koike.