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Mitsui Sumitomo to buy insurer Amlin for £3.5bn

MITSUI SUMITOMO - AMLIN

Mitsui Sumitomo Insurance Company, Limited (President: Yasuyoshi Karasawa) ("MSI"), a member of MS&AD Insurance Group Holdings, Inc. (President: Yasuyoshi Karasawa) (the "the Company"),today announces it has reached agreement with Amlin plc ("Amlin"), an insurance holding company that operates insurance businesses globally, centered on Lloyd's in the UK, to commence the procedure to acquire Amlin (the "Acquisition").

 

Amlin's board of directors has unanimously announced its recommendation of the Acquisition.

 

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