Japanese insurer Tokio Marine is planning to allocate more than $10bn (Y1.53trn) for acquisitions to strengthen its international operations, reported Bloomberg, citing Brad Irick, co-head of the unit. Currently, around 80% of the company’s overseas earnings come from the US, but the goal is to lower this to roughly 70% for North America over the medium term, Irick explained during an interview. The funding for this strategy will partly come from selling off cross-shareholdings with other companies in Ja ...