Award winning Tokio Marine, the giant Japanese headquartered insurance company which already has a wide presence across the globe, has set its sights on expanding with a budget of up to US$10 billion for overseas acquisitions.
The insurer has already become a largely global operation – international business now constitutes over half of its overall profits, a significant increase from less than 3% two decades ago, with substantial investments already made in the US market. Chris Williams, who co-leads Tokio Marine’s international operations, revealed in a recent interview with Reuters that the firm is keenly observing public companies worldwide for potential acquisition targets.
“Something we could do relatively easily would be in the US$10 billion range,” he said in an interview on Monday. “North America is the biggest insurance market in the world, there are going to…
