Berkshire Hathaway will acquire a 2.5% stake in Japanese insurer Tokio Marine Holdings for approximately $1.8 billion. National Indemnity Company, Berkshire's core reinsurance subsidiary, will execute the investment.
The move expands Berkshire’s strategic footprint in Japan following significant investments in the country's major trading houses. Both companies established a broader strategic partnership covering reinsurance and joint global investments.
The collaboration includes potential joint mergers and acquisitions. To prevent share dilution from the treasury stock sale to Berkshire, Tokio Marine announced a plan to buy back its own shares.