Tokio Marine announced on Monday that it will sell approximately 48.2 million shares to National Indemnity, one of Berkshire's primary reinsurance arms. The Japanese insurance company plans to use up to 287.4 billion yen from the proceeds for its own share buybacks to avoid... The two companies plan to cooperate in the sector and work together globally on strategic investments, including mergers and acquisitions. Berkshire Hathaway acquired a 2.49% stake in the insurance company 'Tokio Marine Holdings' for approximately $1.8 billion, with the possibility of increasing it to 9.9%, as part of a new strategic partnership that strengthens the American investment group's financial commitment to Japan.
