For Japan's insurers, M&A patience is a virtue

Ian Brimecome, the most senior foreigner in Japan's insurance industry, says companies like Tokio Marine must look beyond the numbers when it comes to deals overseas.

For Japan's insurers, M&A patience is a virtue

When it comes to MA, Tokio Marine has stuck to a strict philosophy don’t buy companies that could embarrass or damage the company down the road.

“We start off with what is the business fit and cultural fit many of our competitors look at the numbers first,” says Ian Brimecome, senior managing executive officer at Tokio Tokio Marine Holdings, Japan’s largest property casualty insurer by revenue.

Brimecome,...

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