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.

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, the most senior foreigner in Japan's insurance industry, has seen what can happen when his company's peers rush into the wrong deals bankruptcies.

To ascertain whether the fit is right, Tokio Marine...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222