Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals

MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd’s of London insurer Amlin plc for about 3.47 billion pounds ($5.3 billion), joining an overseas deal spree by Japanese peers. Amlin shares surged. The Tokyo-based company’s Mitsui Sumitomo Insurance Co. unit will pay 670 …

The article Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals appeared first on Insurance Journal.

from Insurance Journal » News