Tokio Marine Holdings has stepped up research into the possible acquisition of a major Australian insurer. Executives have reportedly been sent to Australia over the past 3 weeks to meet with companies considered potential acquisition targets and industry figures, while analyzing the Australian market.
Tokio Marine Holdings is reportedly stepping up research into the possible acquisition of a major Australian insurer. Executives were reportedly sent to Australia over the past 3 weeks, where they met with people connected to Insurance Australia Group and Suncorp Group, which are considered potential acquisition targets, as well as industry experts.
The meetings reportedly included not only people connected to the 2 potential acquisition targets but also parties involved in conducting a detailed analysis of the Australian insurance market. There is a view that this is advancing efforts to assess market trends and the outlook following a potential integration.