MS&AD to become Mitsui Sumitomo Insurance Group in major restructuring

MS&AD Insurance Group Holdings, Inc. announced its intention to change its company name to Mitsui Sumitomo Insurance Group, Inc. effective April 1, 2027, subject to shareholder and regulatory approvals. This change follows the planned merger between its core non-life insurance companies, Mitsui Sumitomo Insurance Co., Ltd. (MSI) and Aioi Nissay Dowa Insurance Co., Ltd. (ADI), forming a new entity named Mitsui Sumitomo Aioi Insurance Company, Limited. MSI will be the surviving company, maintaining its capital of JPY 139,595,523,495 and head office in Tokyo.

The company aims for a return-based profit of JPY 700 billion by FY2030, with a future target of JPY 1 trillion. This strategy includes strengthening group management through enhanced strategic planning and governance, centralizing international business operations within the holding company, and unifying group company trade names under a single brand. Key initiatives in domestic non-life insurance include delivering optimal security, improving customer experience, and developing cutting-edge solutions.

The group's aspiration for FY2030 is to become the "insurance and financial group most chosen by customers," with a tagline of "Taking on Risk, Leading the World." The new company will focus on integrating MSI and ADI strengths to stabilize profits, expand market share, and innovate through data utilization and strategic partnerships, including global expertise from entities like W.R. Berkley.