Tokio Marine Plans Multibillion-Dollar Acquisition With Berkshire Stake
Tokio Marine is pursuing a multibillion-dollar international takeover, examining Australia’s Suncorp and Insurance Australia Group along with Canada’s Intact Financial, with Suncorp emerging as the preferred target though no deal is guaranteed. Berkshire Hathaway’s stake bolsters a planned collaboration on large-scale M&A, as Tokio Marine seeks to broaden its international footprint under its Aspiration 2035 strategy while expanding its investor base through a stock split and long-term shareholder rewards.
Business · 13 sources · Aug 25, 2026Read itThe journal
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About Intact Financial
Intact Financial Corporation (IFC) is a Canadian general insurance holding company. Currently the largest provider of property and casualty insurance in Canada, it also has insurance operations in the UK, Ireland, Europe, and United States. The company was formed in 2009, when it also went public on the Toronto Stock Exchange. It operates a number of subsidiaries and brands, such as Intact Insurance, belairdirect, BrokerLink, Intact Prestige, Intact Public Entities, On Side Restoration, Jiffy, 123.ie, and Intact Insurance Specialty Solutions. In 2024, Intact Financial had a market cap of CA$48 billion.
Everything about Intact Financial →- Country
- Canada
- Headquarters
- Toronto
- Inception
- 2009
- Website
- https://www.intactfc.com/