Tokio Marine Hunts for Deals Abroad, Sees Room for Growth in US

Tokio Marine Holdings Inc. sees scope for further expansion in the US as Japan’s largest property-and-casualty insurer explores acquisition opportunities around the world, its new chief executive officer said.

“We want to expand in countries other than the US for geographic diversity, but the US non-life insurance market is far bigger than others,” Masahiro Koike said in an interview. “So we don’t have to worry too much about being overweight there.”

Masahiro Koike

Source: Tokio Marine Holdings Inc.

Tokio Marine has made a string of big acquisitions in the US in recent years, including high-net-worth insurer PURE Group for $3.1 billion in 2020, to make up ...