MS Reinsurance, the reinsurance subsidiary of MS&AD Insurance Group Holdings, has received rating upgrades from AM Best and S&P Global Ratings. On April 26, 2024, AM Best announced it had upgraded the company’s financial strength rating to “A+” (Superior) from …
This edition of International People Moves details appointments at Mitsui Sumitomo Insurance (Europe) and Gallagher Re. A summary of these new hires follows here. Mitsui Sumitomo (Europe) Appoints Rodden as Interim CEO, Rebrands as MSIG UK Mitsui Sumitomo Insurance Co. …
Mitsui Sumitomo Insurance Co. has completed its acquisition of Warren, New Jersey-based reinsurance intermediary Transverse Insurance Group, closing a deal that was announced in August. Mitsui Sumitomo Insurance Co., a subsidiary of Japan’s MS&AD Insurance Group Holdings, has acquired all …
Fitch Ratings has upgraded the insurer financial strength (IFS) ratings of Japanese insurer Mitsui Sumitomo Insurance to “A+” (Strong) from “A”. Fitch also affirmed MSI’s issuer default rating (IDR) of “A” and the rating on its subordinated debt at “A-“. …
MS Amlin announced that Simon Beale, MS Amlin’s chief underwriting officer, will succeed Charles Philipps as CEO on April 1, 2018. With immediate effect Simon Beale will become deputy CEO, James Illingworth will become chief underwriting officer and Martyn Rodden …
Lloyd’s of London insurer Amlin plc announced the completion of its acquisition by Mitsui Sumitomo Insurance Co. Ltd., a wholly owned subsidiary of MS&AD Insurance Group Holdings Inc., following receipt of regulatory and legal approvals. MSI has acquired the entire …
A.M. Best Asia-Pacific Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Japan’s Mitsui Sumitomo Insurance Company Limited (MSI), and has upgraded the FSR to ‘A+’ (Superior) from ‘A’ …
