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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.
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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 |
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| 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 |
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
editNon-life insurance
edit- Mitsui Sumitomo Insurance Co
Life insurance
edit- Mitsui Sumitomo Kirameki Life Insurance Co
- Mitsui Sumitomo MetLife insurance Co
Companies not based in Japan
edit- Amlin
- Cholamandalam MS General Insurance
- MSIG Insurance Europe
- MSIG Insurance Vietnam Company
- MS Frontier Reinsurance
- MS First Capital Insurance
- Mitsui Sumitomo Reinsurance
- Mitsui Sumitomo Insurance London Management
- MSI Guaranteed Weather
- Mitsui Sumitomo Insurance
- MS Transverse Insurance
Financial services
edit- Sumitomo Mitsui Asset Management Co
- Venture Capital Co
Risk-related businesses
edit- InterRisk Research Institute & Consulting
- Mitsui Sumitomo Insurance Care Network Co
- American Appraisal Japan Co
Annual Reports
editReferences
edit- ^ "Ceylinco Insurance Annual Report 2019" (PDF). www.cdn.cse.lk. Colombo Stock Exchange. Retrieved March 2, 2020.
- ^ MS&AD Insurance Inc. [1]. 2013.
- ^ "Mitsui Sumitomo to buy insurer Amlin for £3.5bn". FT. 8 September 2015. Retrieved 1 October 2015.