Berkshire Hathaway's investment in Tokio Marine Holdings underscores the company's growing ambitions in Japan
By Lisa Du and Nao Sano
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Berkshire Hathaway will invest ¥287.4 billion ($1.8 billion) in insurer Tokio Marine Holdings, ramping up the U.S
conglomerate’s exposure to the Japanese market.National Indemnity Company, a subsidiary of Berkshire, will make a 2.49% strategic investment in Tokio Marine, according to a statement Monday
The two companies will collaborate on reinsurance and global investments including mergers and acquisitions.The move underscores Berkshire’s growing ambitions in Japan, where around six years ago — under the leadership of Warren Buffett — it revealed it had invested in the country’s largest trading houses
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Source: This article was originally published by The Japan Times
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