TOKYO -- Japan's Mitsui Sumitomo Insurance said Friday it will spend $3.8 billion to acquire a 15% stake in U.S. insurer W.R. Berkley in a bid to tap into the growing specialty insurance market.
Business deals
Mitsui Sumitomo Insurance to buy 15% of BlackRock-backed W.R. Berkley
Japan group seeks expertise in growing specialty insurance field
Overseas businesses now account for nearly 40% of the profit at the Mitsui Sumitomo Insurance group. (Photo by Natsumi Iwata)
Read Next
Latest on Business deals
