ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

Tokio Marine to sign $370m partnership with top Brazil bank

Joint venture eyes top share in South American country's fire insurance market

Tokio Marine seeks emerging-market growth as disaster-related payouts rise in Japan.

TOKYO -- Tokio Marine Holdings will form a home insurance provider in Brazil with one of the country's top banks, seeking emerging-market growth as disaster payouts rise in Japan.

In a deal revealed by Nikkei and announced on Tuesday, Tokio Marine will establish a joint venture with local bank Caixa's insurance unit, Caixa Seguridade, investing 39.5 billion yen ($370 million).

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more