Insurance giant of Japan bought a British company

Insurance providers from Japan, Mitsui Sumitomo Insurance, agreed to buy the British company Amlin PLC. The acquisition value reached £ 3.47 billion or the equivalent of $ 5.3 billion. Purchasing Amlin PLC mark Mitsui expansion program outside Japan.

Mitsui agreed to buy Amlin shares worth 670 cents per pound sterling. Amlin itself is a provider of insurance products designed to protect organizations and companies as well as providing reinsurance protection for other insurance companies. Shareholders are entitled to receive a dividend of 8.4 cents on each share owned on 1 October.

Amlin operating in the London insurance market, in which companies work together to form a syndicate of risk protection. While Mitsui Sumitomo is a subsidiary of the non-life insurance belongs to MS & AD Insurance Group Holdings Inc. This acquisition marks the aggressiveness of financial firms in the wings Jpeang business abroad. Because the insurance business was slow in the country due to a decrease in resident population and declining vehicle sales.