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Japan's MS&AD to merge its Mitsui Sumitomo, Aioi Nissay Dowa insurance companies

( March 28, 2025, 09:22 GMT | Official Statement) -- MLex Summary: Japan's MS&AD Insurance Group Holdings announced today that it will merge its two core non-life insurance companies, Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance. The merger, aimed at creating Japan's largest non-life insurance company, is scheduled for April 2027. In response to past issues involving cartels and customer data leaks, the merged company’s compliance system will be strengthened. Regulatory approvals will be sought at the appropriate time as the merger details are finalized, according to an official. The statement is attached....

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