Berkshire Hathaway has agreed to invest $1.8bn in Tokio Marine as the new chief executive at the US conglomerate expands a bet on Japan kicked off by Warren Buffett.
As part of a wide-ranging deal announced on Monday, a subsidiary of Berkshire will buy a 2.5 per cent strategic stake in Tokio Marine, one of the “big three” Japanese non-life insurers.
The US company will reinsure a percentage of all the business done by t