Japanese insurance group to spend tens of billions of yen
Japanese insurer Mitsui Sumitomo Insurance is considering acquiring a UK insurer, Reuters has quoted The Nikkei business daily as saying.
Yasuyoshi Karasawa, president of Mitsui Sumitomo Insurance, told The Nikkei that his firm was looking to spend tens of billions of yen on a UK insurer and double its annual dealings at Lloyd's to 100 billion yen in a bid to compete with rival Japanese group Tokio Marine.
Mistui has a London market division and operates Syndicate 3210 at Lloyd's. Rival Tokio Marine acquired Lloyd's insurer Kiln in 2007.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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