Tokio Marine Holdings Establishes Strategic Partnership with Berkshire Hathaway, Sells 2.49% Stake

MaticHoleFiller

2026-03-24 06:29:15

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Tokyo Marine Holdings announced on Monday that it will establish a strategic partnership with Warren Buffett’s Berkshire Hathaway, initially selling 2.49% of its shares through a third-party placement of treasury stock.

The Japanese insurer stated that the proceeds from the sale, up to 287.4 billion yen (approximately $180 million), will be used to buy back its own shares to prevent dilution of existing shareholders’ equity.

In a filing, Tokyo Marine said that after the initial share allocation to Berkshire’s core reinsurance entity, National Indemnity, any additional acquisitions of Tokyo Marine shares are expected to be mainly through the open market. The statement also noted that National Indemnity agreed that, without prior approval from Tokyo Marine’s board, its acquisitions of shares shall not exceed 9.9% of Tokyo Marine’s issued shares.

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