Tokio Marine weighs Australia’s Suncorp takeover after Berkshire takes stake - FT

Tokio Marine Holdings Inc., a Japanese insurer with recent investment from Berkshire Hathaway Inc., is reportedly nearing a decision on an acquisition target. According to the Financial Times, the company has been reviewing potential targets in Canada and Australia. Specifically, Tokio Marine is weighing the takeover of Australian firms Suncorp and IAG as it seeks to finalize its expansion strategy following the strategic stake taken by Berkshire Hathaway Inc. in the Japanese insurance giant.