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Native name | 三井住友海上グループホールディングス株式会社 |
---|---|
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) |
Subsidiaries | Ceylinco Insurance (15%)[1] |
Website | ms-ad-hd |
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.[2]
On 8 September 2015, it was announced that Mitsui Sumitomo had agreed to buy the UK insurance firm Amlin for £3.5bn.[3]