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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Greg Abel Follows Warren Buffett's Playbook to Expand Berkshire Hathaway's Bets on Japan

Warren Buffett Greg Abel Berkshire Berkshire Hathaway Japan
Greg Abel became the CEO of Berkshire Hathaway at the start of this year after Warren Buffett stepped down. (Credit: YouTube)

CEO of Berkshire Hathaway, Greg Abel, followed Warren Buffett's Japan strategy by announcing that a Berkshire Hathaway subsidiary will invest $1.80 billion to acquire a 2.5% stake in Tokio Marine, the leading Japanese non-life insurer.

Berkshire will reinsure a portion of all the business done by the Tokio Marine and both the companies would 'collaborate on global strategic investment opportunities, including M&A,' but no particular target has been identified yet.

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