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
TypePublic (K.K)
TYO: 8725
IndustryInsurance
FoundedOctober 21, 1918 (as Taishō Marine and Fire Insurance Co.)
October 2001 (merger of Mitsui Marine & Fire Insurance Co. and The Sumitomo Marine & Fire Insurance)
FateMerged
SuccessorMS&AD Insurance Group
HeadquartersTokyo, Japan
Area served
Worldwide
Key people
Yoshiaki Shin, Chairman
Toshiaki Egashira, President
RevenueIncrease JP¥ 2,137,603 million (FY 2007)
Increase JP¥ 40,027 million (FY 2007)
Number of employees
20,237 (2008)
SubsidiariesCeylinco Insurance (15%)[1]
Websitems-ad-hd.com/en
MSIG headquarters in Tokyo, Japan

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]

Group companies

Non-life insurance

Life insurance

  • Mitsui Sumitomo Kirameki Life Insurance Co., Ltd.
  • Mitsui Sumitomo MetLife insurance Co., Ltd.

Companies not based in Japan

Financial services

  • Sumitomo Mitsui Asset Management Co., Ltd.
  • MITSUI SUMITOMO INSURANCE Venture Capital Co., Ltd.
  • InterRisk Research Institute & Consulting, Inc.
  • MITSUI SUMITOMO INSURANCE Care Network Co., Ltd.
  • American Appraisal Japan Co., Ltd.

Annual Reports

References

  1. ↑ "Ceylinco Insurance Annual Report 2019" (PDF). www.cdn.cse.lk. Colombo Stock Exchange. Retrieved March 2, 2020.
  2. ↑ MS&AD Insurance Inc. . 2013.
  3. ↑ "Mitsui Sumitomo to buy insurer Amlin for £3.5bn". FT. 8 September 2015. Retrieved 1 October 2015.
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