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Global Business / The Economic Times

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Japan's Tokio Marine eyes insurer Suncorp as preferred takeover target, FT reports

Tokio Marine, a leading Japanese insurer, has set its sights on Suncorp for a potential takeover, among other competitors like Insurance Australia Group and Intact Financial Corp. Presently, discussions are unfolding, but the outcome remains uncertain. In reaction to this news, the stock prices of both Australian firms have risen sharply, even as Reuters has yet to confirm the Financial Times story.

25 Aug 2026 8:36 am