Berkshire to buy 2.49% stake in Tokio Marine partnership

Anabelle Colaco
25 Mar 2026, 01:15 GMT+10

Tokio Marine Holdings said on March 23 that it will enter a strategic partnership with Warren Buffett’s Berkshire Hathaway, starting with the sale of a small stake to the U.S. conglomerate
The Japanese insurer will initially sell a 2.49 percent stake through a third-party allotment of treasury shares, it said in a filing
Berkshire Hathaway, in 2019, began investing in Japanese trading companies, and the firm has increased its stakes multiple times since then

TOKYO, Japan: Tokio Marine Holdings said on March 23 that it will enter a strategic partnership with Warren Buffett's Berkshire Hathaway, starting with the sale of a small stake to the U.S. conglomerate.

The Japanese insurer will initially sell a 2.49 percent stake through a third-party allotment of treasury shares, it said in a filing.

Berkshire Hathaway, in 2019, began investing in Japanese trading companies, and the firm has increased its stakes multiple times since then.

Tokio Marine said the partnership would expand its ability to take on risk and support future growth. At the same time, Berkshire's core reinsurance unit, National Indemnity, would gain access to Tokio Marine's global insurance portfolio.

The two companies also plan to pursue joint investments worldwide, including mergers and acquisitions, Tokio Marine added.

Tokio Marine said it would use proceeds of up to 287.4 billion yen (US$1.80 billion) from the share sale to buy back its own stock, aiming to prevent dilution for existing shareholders.

Following the initial share allocation to National Indemnity, any additional acquisition of Tokio Marine's shares is expected to be made primarily through the open market, the company said.

National Indemnity will agree not to buy more than 9.9 percent of Tokio Marine's outstanding shares without prior approval from Tokio Marine's board, according to the statement.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.

More Information

Southeast Asia

Section

India, Asian refiners consider Iranian crude after US waiver

NEW DELHI/SINGAPORE: Refiners in India and across Asia are exploring purchases of Iranian oil after the United States temporarily eased...

India weighs fuel export requests as Hormuz crisis worsens

NEW DELHI, India: India will prioritise domestic fuel demand as it reviews requests from neighbouring countries for supplies, approving...

"We have won this, militarily they are dead": Trump on Iran war

Washington DC [US], March 25 (ANI): US President Donald Trump said that the US has won the war, adding that Iran's navy and air force...

Infused young minds with idea 'Kashmir not part of India': Court during sentencing of Kashmiri separatist Andrabi

New Delhi [India], March 25 (ANI): Special NIA Court, while sentencing Kashmiri separatist Aasiya Andrabi and her two associates, said,...

Bangladesh minority group welcomes resolution introduced in US Congress seeking recognition of 1971 Genocide

Dhaka [Bangladesh], March 25 (ANI): Bangladesh Hindu Buddhist Christian Unity Council, a human rights organization working against...

PM Modi, Lankan President review progress on energy cooperation and enhancing regional security

New Delhi [India], March 24 (ANI): Prime Minister Narendra Modi on Tuesday held a telephonic conversation with Sri Lankan President...

Business

Section