Tokio Marine plans more than $10bn in global acquisitions

Core Viewpoint - Tokio Marine plans to allocate over $10 billion for acquisitions to enhance its international operations, aiming to diversify its earnings sources away from the US market [1][2]. Group 1: Acquisition Strategy - The funding for the acquisition strategy will partly come from selling cross-shareholdings in Japan, valued at $25 billion [2]. - The company aims to reduce its overseas earnings from the US from 80% to approximately 70% in the medium term [1]. Group 2: Target Markets - Tokio Marine is focusing on growth in Latin America and Southeast Asia, with goals to increase their share of international profits to 10% and 15%, respectively, from the current 6% each [3]. - In Australia, the company plans to strengthen its specialty insurance business through small-scale deals or larger acquisitions [3]. Group 3: Regional Focus - In Africa, Tokio Marine prefers to increase its 22.5% stake in Hollard Group rather than pursuing new acquisitions [4]. - In the US, the company holds a 2% share of the commercial lines market and is focusing on smaller acquisitions, with the possibility of larger transactions in the future [4]. Group 4: Technological Integration - Tokio Marine has partnered with OpenAI to incorporate generative AI into its processes, aiming to improve efficiency and customer service [5].