TOKYO -- Mitsui Sumitomo Insurance will invest $1.44 billion in American asset management company Barings, Nikkei learned on Monday.
Business deals
Japan's Mitsui Sumitomo Insurance invests $1.44bn in Barings
Deal will see Japanese insurer acquire 18% of shares from MassMutual
MS&AD Insurance Group Holdings' Mitsui Sumitomo Insurance will also send directors to Barings to make the U.S. company an equity method affiliate. (Source photos by Yo Inoue and screenshot from Barings' website)
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