Tokio Marine Holdings, Inc. (TKOMY), a Japanese insurer, Friday announced that it has agreed to acquire Agrihedge, Inc., an insurance and derivative company for agricultural and livestock products, for $970 million.
The transaction is expected to close in the fourth quarter of fiscal 2025.
Agrihedge, Inc. or CIH provides risk solutions spanning both insurance and derivatives for agricultural and livestock products to customers primarily in the U.S and is currently appointed as an insurance agent of Tokio Marine.
As per the company, Tokio Marine intends to diversify its business portfolio and capture growth opportunities with this acquisition by securing capabilities to provide non-insurance risk solutions in the U.S. agricultural sector giving them a competitive edge.
Further, Tokio Marine stated that CIH has around $130 million in revenue or fee income and about 200 employees as on September 30, 2025.
On Friday, TKOMY shares closed at 5541 JPY, up 3.57% on the Tokyo Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.