Mitsui Sumitomo Insurance Group
- Not to be confused with Sumitomo Life Insurance Company, a mutual insurance organization.
 | |
| Company type | Public K.K. |
|---|---|
| TYO: 8725 | |
| Industry | Insurance |
| Founded | 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) |
| Fate | Merged |
| Successor | MS&AD Insurance Group |
| Headquarters | Tokyo, Japan |
Area served | Worldwide |
Key people | Yoshiaki Shin, Chairman Toshiaki Egashira, President |
| Revenue |  JP¥ 2,137,603 million (FY 2007) |
| JP¥ 40,027 million (FY 2007) | |
Number of employees | 20,237 (2008) |
| Website | www.MSIG.com |
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.
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.[1]
On 8 September 2015, it was announced that Mitsui Sumitomo had agreed to buy the UK Insurance firm Amlin for £3.5bn[2]
Group companies
Non-life insurance
Life insurance
Companies not based in Japan
- Amlin, plc
- MSIG Insurance Europe AG
- MS Frontier Reinsurance Ltd.
- Mitsui Sumitomo Reinsurance Ltd.
- Mitsui Sumitomo Insurance London Management Ltd.
- MSI GuaranteedWeather, LLC
- part,llc
Financial services
- InterRisk Research Institute & Consulting, Inc.
- MITSUI SUMITOMO INSURANCE Care Network Co., Ltd.
- American Appraisal Japan Co., Ltd.
References
- ^ MS&AD Insurance Inc. [1]. 2013.
- ^ "Mitsui Sumitomo to buy insurer Amlin for £3.5bn". FT. 8 September 2015. Retrieved 1 October 2015.