hi Komiya , incoming CEO of Tokio Marine holdings , announced that the insurer would focus on overseas mergers and acquisitions to diversify its presence geographically . Tokio Marine is Japan ’s largest property and casualty insurer , known for its aggressive overseas acquisition strategy , the most notable acquisition taking over HCC Insurance Holdings for $ 7.5bn in 2008 . Setting its sights on other geographical areas is a move by the insurer to offset natural disaster losses by diversifying covered locations .
Saturo Komiya, incoming CEO of Tokio Marine Holdings, announced that the insurer would focus on overseas mergers and acquisitions to diversify its presence geographically. Tokio Marine is Japan’s largest property and casualty insurer, known for its aggressive overseas acquisition strategies, the most notable including taking over HCC Insurance Holdings for $7.5bn in 2015. Setting its sights on other geographical areas is a move by the insurer to offset natural disaster losses by diversifying covered locations.