Mitsui Sumitomo Insurance Group Explained

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
Type:Public (K.K)
Fate:Merged
Successor:MS&AD Insurance Group
Foundation:October 21, 1918 (as Taishō Marine and Fire Insurance Co.)
October 2001 (merger of Mitsui Marine & Fire Insurance Co. and The Sumitomo Marine & Fire Insurance)
Location:Tokyo, Japan
Key People:Yoshiaki Shin, Chairman
Toshiaki Egashira, President
Area Served:Worldwide
Num Employees:20,237 (2008)
Industry:Insurance
Revenue: JP¥ 2,137,603 million (FY 2007)
Net Income: JP¥ 40,027 million (FY 2007)
Subsid:Ceylinco Insurance (15%)[1]

is a Japanese insurance holding company headquartered 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

Companies not based in Japan

Financial services

Risk-related businesses

Annual Reports

External links

Notes and References

  1. Web site: Ceylinco Insurance Annual Report 2019 . www.cdn.cse.lk . . March 2, 2020 .
  2. MS&AD Insurance Inc. http://www.ms-ad-hd.com/en/group/about/position.html. 2013.
  3. Web site: Mitsui Sumitomo to buy insurer Amlin for £3.5bn . FT. 8 September 2015. 1 October 2015.