Reinsurance News
MS&AD Insurance
Brian Botkin promoted to International CUO for MS&AD
26th August 2026
MSIG USA has announced the promotion of Brian Botkin to International Chief Underwriting Officer for MS&AD Insurance Group. Botkin has served as MSIG USA’s Chief Underwriting Officer since July 2024, playing a key role in the firm’s transformation and growth by leading enterprise underwriting strategy and advancing greater consistency, discipline and ... Read the full article
MS&AD Insurance to invest up to £200m in Standard Life’s new PRT venture
21st August 2026
MS&AD Insurance Group Holdings, Inc., a Japanese insurance group, has agreed to invest up to £200 million in a new partnership specialising in the pension risk transfer (PRT) business, to be established by Standard Life plc. Standard Life plans to establish the partnership in the UK, focusing on large UK ... Read the full article
MS&AD completes acquisition of 18% stake in MassMutual’s Barings
14th May 2026
Japanese insurance group MS&AD Insurance Group Holdings, through its subsidiary Mitsui Sumitomo Insurance Co., Ltd. (MSI), has completed the acquisition of an 18% equity stake in Barings, a global alternative asset management subsidiary of MassMutual. Initially announced in November 2025, the completion of the transaction establishes MS&AD as a long-term ... Read the full article
Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance to merge
28th March 2025
MS&AD Insurance Group Holdings, Inc. announced its Board of Directors has decided to move forward with specific discussions and preparations for the merger of its two core domestic non-life insurance subsidiaries, Mitsui Sumitomo Insurance Co., Ltd. and Aioi Nissay Dowa Insurance Co., Ltd. In a statement MS&AD outlined its vision of ... Read the full article
Japanese regulator penalises largest property insurers for price fixing: Bloomberg
27th December 2023
As per a report from Bloomberg, Japan’s Financial Services Agency has issued business improvement orders on the core units of Tokio Marine Insurance, MS&AD Insurance, and Sompo Japan Insurance for "colluding to fix prices" in contracts with corporate clients. Japan's Finance Minister, Shunichi Suzuki, stated in a recent briefing it is "regrettable" that ... Read the full article
MS&AD could close overseas locations in profit drive, CEO suggests
28th February 2023
Reports from the Nikkei suggest that Japan’s MS&AD Insurance Group could be looking into closing some of its overseas locations in an effort to improve profitability across the group and meet its performance goals. Speaking in an interview with Nikkei, MS&AD's President and CEO Noriyuki Hara explained that some areas of ... Read the full article
MS&AD Ventures increases fund by $100mn to $300mn
30th December 2022
MS&AD Ventures, the Silicon Valley-based fund owned by MS&AD Insurance Group Holdings, has increased its fund size by $100 million, bringing the total amount of funds under management to $300 million. Since its establishment in October 2018 as the first CVC of a Japanese insurance company, MS&AD Ventures has invested in ... Read the full article
Mitsui Sumitomo reported on verge of $400m Transverse acquisition
7th August 2022
Japanese insurance group Mitsui Sumitomo has been reported to be on the verge of a $400 million acquisition of hybrid P&C program and fronting carrier specialist Transverse Insurance Group. Japanese newspaper the Nikkei reported the news and said a deal for the rumoured roughly $400 million acquisition could be announced before ... Read the full article
MS&AD targets US with $4.5bn war chest: reports
7th April 2021
Mitsui Sumitomo Insurance, part of MS&AD Insurance Group Holdings, intends to spend as much as USD 4.5 billion (500bn yen) on mergers and acquisitions (M&A) through 2023, with a focus on the North American market, reports Nikkei. It's understood by Nikkei that the Japanese insurer is eager to diversify its portfolio ... Read the full article
Fitch Ratings expects fewer COVID-19 related claims
26th November 2020
A recent report from Fitch Ratings shows the rating agency is expecting Tokio Marine Holdings, MS&AD Insurance Group Holdings and SOMPO Holdings to reserve fewer COVID-19 related claims. This is due to their overseas subsidiaries tightening underwriting and narrowing policy wording in regards to any event cancellation and business interruption. Major European ... Read the full article
MS&AD and Challenger announce US dollar annuity reinsurance deal
28th June 2019
MS&AD Insurance Group Holdings, Inc. has expanded its strategic relationship with Australian life & annuities specialist Challenger through a quota share reinsurance arrangement of US dollar denominated annuities. Challenger has announced that it's received all necessary regulatory approvals and has implemented the operational requirements in order to commence US dollar annuity ... Read the full article
MS&AD enters reinsurance agreement with carriers in Kenya and Mozambique
4th July 2018
Mitsui Sumitomo Insurance Co. (MSI), a member of MS&AD Insurance Group Holdings, has announced that its subsidiary, MSI Company (Europe) (MSIEU), has concluded its strategic alliance agreements to provide reinsurance capacity for ICEA Lion General Insurance Company in Kenya and International Commercial and Engineering Seguros (ICE) in Mozambique. As part of ... Read the full article
Mitsui Sumitomo enters Chinese life market with BoCommLife stake
23rd May 2018
MS&AD Insurance Group Holdings, Inc. subsidiary, Mitsui Sumitomo Insurance Company (MSI), Limited, has signed an agreement to acquire Colonial Mutual Life Assurance Society Limited's (CMLA) 37.5% stake in Chinese life insurer, BoCommLife Insurance Company Limited. CMLA, a subsidiary of the Commonwealth Bank of Australia, is to sell its 37.5% stake in ... Read the full article
MS&AD injects £505m into Swiss Re’s closed life consolidator ReAssure
24th January 2018
Japanese insurance holding company MS&AD Insurance Group Holdings Inc (MS&AD) has made its first investment commitments to buy in global reinsurance firm Swiss Re's UK closed life book consolidator ReAssure. A deal was announced in October that would see MS&AD making investments into the equity of ReAssure, across up to a ... Read the full article
MS&AD Insurance Group reveals post-Brexit shift to Luxembourg
1st November 2017
MS&AD Insurance Group Japanese subsidiary Aioi Nissay Dowa Insurance, (ADI), has revealed plans to restructure the firm's Europe operations, opening a new UK branch and shifting business to Luxembourg to ensure post-Brexit continuity of its European automobile insurance-centred business. UK - based subsidiary Aioi Nissay Dowa Insurance Company of Europe (ADE), the European subsidiary ... Read the full article
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