Mitsui Sumitomo Insurance, Japan’s second-largest non-life insurance firm, is acquiring the Asian general insurance operations of Britain’s Aviva for $450 million in cash. Once finalised, the acquisition is expected to transform Mitsui Sumitomo into Southeast’s largest general insurer.
Mitsui Sumitomo Pays Aviva $450 Million For Asian Insurance Businesses
Mitsui Sumitomo Insurance, Japan's second largest non life insurance firm, is acquiring the Asian general insurance operations of Britain's Aviva for $450 million in cash. Once finalised, the acquisition is expected to transform Mitsui Sumitomo into Southeast's largest general insurer.