Mitsui Sumitomo Insurance, Aioi Nissay Dowa to Merge
Tokyo, March 28 (Jiji Press)--Mitsui Sumitomo Insurance Co. and Aioi Nissay Dowa Insurance Co. plan to merge in April 2027, their parent, MS&AD Insurance Group Holdings Inc., said Friday.
The merger will create the biggest nonlife insurer in Japan, overtaking current industry leader Tokio Marine & Nichido Fire Insurance Co.
(2025/03/28-17:36)
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