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 Suncorp Group
Suncorp Group Limited, known simply as Suncorp, is an Australian general insurance corporation based in Brisbane, Queensland, Australia. It was formed on 1 December 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation (QIDC), and was one of Australia's mid-sized banks until 2022, and its largest general insurance group.
Everything about Suncorp Group →- Country
- Australia
- Headquarters
- Brisbane
- Inception
- 1996
- Website
- http://suncorpgroup.com.au