Tokio Marine plots multibillion-dollar deal after Berkshire takes stake
Tokio Marine, backed by Berkshire Hathaway, is considering a multibillion-dollar acquisition of an Australian or Canadian insurer. Suncorp is the preferred target, with a market cap of $14B. Shares in Suncorp and IAG rose on the news. Tokio Marine has a history of large international deals and aims to diversify its operations.





