Japan-based Tokio Marine Holdings Inc. plans to spend more than $10 billion on global acquisitions to expand its international business, Life Insurance International reports,citing Bloomberg. The insurer aims to reduce its U.S. earnings share from 80% to about 70% by increasing exposure in Latin America and Southeast Asia, where it targets a larger profit contribution through purchases of smaller insurers and specialty lines, and plans selective acquisitions in Australia and a higher stake in South Africa’s Hollard Insurance Company Pty Ltd.