Mitsui Sumitomo Insurance to buy U.S. reinsurance broker for $400m

Exclusive: Acquisition of Transverse seen bolstering cybercrime coverage in Japan

20220806N MSAD building

MS&AD Insurance Group, the parent of Mitsui Sumitomo Insurance, seeks to grow its property insurance business abroad. (Photo by Eri Sugai)

MASAYUKI SHIKATA, Nikkei staff writer

August 7, 2022 00:24 JST

TOKYO -- Mitsui Sumitomo Insurance will acquire U.S. reinsurance broker Transverse Insurance Group for an estimated $400 million, Nikkei has learned.

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