Mitsui Sumitomo Insurance Group

Mitsui Sumitomo Insurance Group Holdings, Inc. (三井住友海上グループホールディングス株式会社, Mitsui Sumitomo Kaijō Gurūpu Hōrudingusu Kabushiki-Kaisha) is a Japanese insurance holding company headquartered in Tokyo, Japan.

"Mitsui Sumitomo" redirects here. For the keiretsus, see Mitsui and Sumitomo Group. Not to be confused with Sumitomo Life Insurance Company or Sumitomo Mitsui Banking Corporation.
Mitsui Sumitomo Insurance Group Holdings, Inc.
Native name
三井住友海上グループホールディングス株式会社
TypePublic (K.K)
TYO: 8725
IndustryInsurance
FoundedOctober 21, 1918 (as Taishō Marine and Fire Insurance Co.)
October 2001 (merger of Mitsui Marine & Fire Insurance Co. and The Sumitomo Marine & Fire Insurance)
FateMerged
SuccessorMS&AD Insurance Group
HeadquartersTokyo, Japan
Area served
Worldwide
Key people
Yoshiaki Shin, Chairman
Toshiaki Egashira, President
RevenueIncrease JP¥ 2,137,603 million (FY 2007)
Increase JP¥ 40,027 million (FY 2007)
Number of employees
20,237 (2008)
SubsidiariesCeylinco Insurance (15%)[1]
Websitems-ad-hd.com/en
MSIG headquarters in Tokyo, Japan

MSIG was formed in 2001 from the merger of Mitsui Marine & Fire Insurance Co. (itself descended from the Taishō Marine and Fire Insurance Co. founded in 1918) and The Sumitomo Marine & Fire Insurance. In 2010, April Aioi Insurance Co., Ltd., Nissay Dowa General Insurance Co., Ltd., merged into MSIG, making the group's name changed in to MS&AD Insurance Group Holdings, Inc.. According to this business integration, MS&AD has become the largest property insurance company in Japan, with market share of 33% in 2013.[2]

On 8 September 2015, it was announced that Mitsui Sumitomo had agreed to buy the UK insurance firm Amlin for £3.5bn.[3]

Group companies

Non-life insurance

Life insurance
  • Mitsui Sumitomo Kirameki Life Insurance Co., Ltd.
  • Mitsui Sumitomo MetLife insurance Co., Ltd.

Companies not based in Japan

Financial services
  • Sumitomo Mitsui Asset Management Co., Ltd.
  • MITSUI SUMITOMO INSURANCE Venture Capital Co., Ltd.
  • InterRisk Research Institute & Consulting, Inc.
  • MITSUI SUMITOMO INSURANCE Care Network Co., Ltd.
  • American Appraisal Japan Co., Ltd.

Annual Reports

References
  1. "Ceylinco Insurance Annual Report 2019" (PDF). www.cdn.cse.lk. Colombo Stock Exchange. Retrieved March 2, 2020.
  2. MS&AD Insurance Inc. . 2013.
  3. "Mitsui Sumitomo to buy insurer Amlin for £3.5bn". FT. 8 September 2015. Retrieved 1 October 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.