Tokio Marine Holdings (TMHD) is exploring a strategic partnership with Berkshire Hathaway.
Under the proposed agreement, the company intends to sell a 2.49% stake to National Indemnity Company (NICO), a wholly owned subsidiary of Warren Buffett’s holding company.
The transaction will be executed through the sale of TMHD’s own shares, totaling 287.4 billion JPY (1.8 billion USD). The Japanese insurer plans to buy back its shares between April and September 2026.
The agreement also covers collaboration in reinsurance as well as mergers and acquisitions activities.




