Japanese insurers court foreign investors to replace cross-shareholdings

InsuranceCapital Group takes 9% stake in MS&AD while Berkshire invests in Tokio MarineTokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings have increased the proportion of their shares held by foreign investors. (Source photos by Nikkei)MASAHIRO KURABAYASHIAugust 19, 2026 05:46 JSTTOKYO -- Major Japanese nonlife insurance companies are pursuing foreign investors as they unwind cross-shareholding relationships with domestic companies, laying out plans for growth investment in an effort to attract long-term shareholders.