Public K.K. | |
Traded as | : |
Industry | Insurance |
Fate | Merged |
Successor | MS&AD Insurance Group |
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) |
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.
On 8 September 2015, it was announced that Mitsui Sumitomo had agreed to buy the UK Insurance firm Amlin for £3.5bn