Mitsui Sumitomo Buys Singapore’s First Capital Insurance from Fairfax for $1.6B

Mitsui Sumitomo Insurance Company (MSI) is buying Singapore’s First Capital Insurance for $1.6 billion from Canada’s Fairfax Financial Holdings, in the biggest takeover by a Japanese insurer in populous Southeast Asia. Starved of growth in their aging home market, Japanese …

from News – Insurance Journal