4 stories found
Japanese insurer Tokio Marine is reportedly weighing a multibillion-dollar takeover bid for Australian insurer Suncorp, following Berkshire Hathaway's recent stake acquisition in the company. Suncorp is emerging as Tokio Marine's preferred target among potential acquisitions in Australia.
Australian insurer Suncorp's cash earnings tumbled as a result of surging natural hazard costs, leading to a drop in its share price.
Sunac China and Suncorp stocks are both experiencing rallies in their market performance today.
Suncorp Group has purchased $1.7 billion in reinsurance coverage, a move that saw its shares climb to a near five-month high, reflecting positive investor reaction to strengthened financial protection