Tokio Marine investing in property funds of funds

Tokyo

TOKIO Marine Holdings Inc, one of Japan's oldest insurers, is joining its Chinese peers in investing in property overseas - but with a twist.

Unlike counterparts such as China Life Insurance Co and Anbang Insurance Group Co, which have been buying trophy properties in the US and Europe, Tokio Marine is putting its money into funds that invest in real estate, said Shinji Kawano, head of Tokio Marine's property asset management unit.