Mitsui Sumitomo buying Amlin in $5.33bn deal
Thursday, 09 10 2015, Category: Insurance and Reinsurance, Country: World
After the rumours began to fly last night, very quickly it has become official. Japanese insurance group Mitsui Sumitomo and London headquartered insurance and reinsurance specialist Amlin, have reached an agreement which will see Mitsui Sumitomo buy Amlin for approximately $5.33 billion.
It’s the latest in a string of insurance and reinsurance M&A deals, as players look to acquire scale and diversification in order to more successfully navigate the challenging marketplace and softened reinsurance price environment.