MS&AD Holdings overview

MS&AD Holdings is the insurance holding company of the new Group formed in April 2010 through the merger of Aioi Insurance Co., Nissay Dowa General Insurance Co., and Mitsui Sumitomo Insurance Group.

Setting out to build a world-leading insurance and financial services group, the company currently operates in 46 countries and has made a number of strategic overseas investments in its short lifespan, most notably, Mitsui Sumitomo's acquisition of Amlin in 2016. Since then, the company has turned its attentions towards integrating with the Lloyd's of London specialty insurance market specialty insurance company rather than further deals. Showing a clear sign of intent, on January 1st, 2017, MS&AD and Amlin merged their Lloyd's and reinsurance businesses under new brand, MS Amlin.

At the end of Q2 2018, the Group's non-life insurance subsidiaries net written premiums increased 0.6% to ¥1,876B ($17B), while life insurance subsidiaries brought home gross premiums of ¥810B (approx. $7.5B).

At the beginning of 2019, the insurer continued with its overseas investment strategy with InsurTech startup, AkinovA. As part of the partnership, both the insurer and Hiscox Re will assist in the development of AkinovA's trading platform ahead of its launch, collaborating with active participants in the re/insurance value chain, including risk cedants, brokers, re/insurers, regulators, data, index and analytics providers, and capital market participants.

In June 2020 it was revealed that MS&AD had partnered with convenience store chain Seven-Eleven to sell life insurance at their 20,000 stores in Japan. Seven-Eleven's customers will be able to use multi-function machines in store, then pay the policy fee via the store's cashier. The move is one way in which MS&AD, who normally sell life insurance face-to-face through its staff, are adapting to Covid-19.

Map showing the location of MS&AD Holdings

Tokyo, Japan

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Key people

Yasuyoshi Karasawa President & CEO