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0 0 0.000127894251196425 8.58350679170414E-05 0.000128752601875501 0.000729598077294547 0.00119975966180996 0.000836891912190818
Stock impact report

Berkshire Hathaway (BRK-B) Expands Into Insurance in Japan with Tokio Marine Investment [Yahoo! Finance]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Company Research Source: Yahoo! Finance
an agreement to invest $1.8 billion in Tokio Marine Holdings. With the investment, the company is to acquire a 2.49% stake through its National Indemnity Unit. Berkshire Hathaway Inc. (BRK.B) Expands Into Insurance in Japan with Tokio Marine Investment Photo by scott graham on Unsplash Tokio Marine plans to use part of the investment proceeds to finance the repurchase of up to 287.4 billion yen. In return, Berkshire Hathaway will be permitted to increase its stake in the Japanese entity to 9.9%. The investment is poised to expand Berkshire Hathaway's footprint in Japan beyond trading houses into the insurance sector. The investment also goes beyond equity investment and will encompass reinsurance collaboration and joint pursuit of strategic mergers and acquisitions. While Berkshire Hathaway is poised to tap into Tokio Marine's diversified global insurance portfolio, the Japanese company will have access to the US company's capital strength and deal-sourcing network. Berksh Show less Read more
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