Berkshire Hathaway will invest 287.4 billion yen ($1.8 billion) in Tokio Marine,
taking a 2.49% stake. The companies plan collaboration on reinsurance and M&A.
Berkshire will buy treasury shares but will not exceed 9.9% ownership without
board approval. This expands Berkshire’s exposure to Japan, continuing its
long-term strategy to increase holdings in major Japanese trading houses under
Warren Buffett’s leadership.