MS&AD to become Mitsui Sumitomo Insurance Group, merge non-life subsidiaries

MS&AD Insurance Group Holdings, Inc. announced a planned name change to Mitsui Sumitomo Insurance Group, Inc., effective April 1, 2027, pending approvals. This change aims to unify the group's brand globally and strengthen its management structure. Concurrently, the holding company's head office will relocate within Tokyo.

The core non-life insurance subsidiaries, Mitsui Sumitomo Insurance Company, Limited and Aioi Nissay Dowa Insurance Company, Limited, will merge to form Mitsui Sumitomo Aioi Insurance Company, Limited, also effective April 1, 2027. Mitsui Sumitomo Insurance Company, Limited will be the surviving entity, retaining its current capital of 139,595,523,495 yen and headquarters. This merger seeks to leverage strong customer bases and simplify the brand.

The group aims for a 2030 target profit of 700 billion yen, with an ambition to reach 1 trillion yen, driven by strengthened group-wide management and growth in overseas business. This includes enhancing strategic planning and governance at the holding company and unifying brand names across subsidiaries, such as renaming Mitsui Direct General Insurance Company, Limited to Mitsui Sumitomo Aioi Direct General Insurance Company, Limited.