Suncorp Group

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.