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August 05, 2015 12:35 AM ET

Insurance

Company Overview of Mitsui Sumitomo Insurance Co., Ltd.

Company Overview

Mitsui Sumitomo Insurance Co., Ltd. provides insurance and financial services. It serves its customers through a network of agents in Japan. Mitsui Sumitomo Insurance Co., Ltd. was formerly known as Mitsui Marine & Fire Insurance Co., Ltd. and changed its name to Mitsui Sumitomo Insurance Co., Ltd. in October, 2001, following the merger with Sumitomo Marine & Fire Insurance Co., Ltd. The company was founded in 1918 and is based in Tokyo, Japan. Mitsui Sumitomo Insurance Co., Ltd. operates as a subsidiary of MS&AD Insurance Group Holdings, Inc.

9, Kanda-Surugadai

3Chome

Chiyoda-ku

Tokyo,  101-8011

Japan

Founded in 1918

14,859 Employees

Phone:

81 3 3297 1111

Fax:

81 3 3297 6888

Key Executives for Mitsui Sumitomo Insurance Co., Ltd.

Chief Executive Officer and President
Age: 65
Senior Executive Officer and Director
Age: 62
Senior Executive Officer
Senior Executive Officer and Director
Senior Executive Officer
Compensation as of Fiscal Year 2015.

Mitsui Sumitomo Insurance Co., Ltd. Key Developments

Mitsui Sumitomo Insurance Co., Ltd. to Open New Office in Queretaro

Mitsui Sumitomo Insurance Co., Ltd. has announced that it will expand its service infrastructure in Mexico by opening a new office in the central highlands regional headquarters of partner company, MAPFRE, located in Queretaro. This move is intended to enhance MSI's ability to provide insurance-related services to Japanese firms in Mexico, and along with its offices in the capital, Mexico City, and in Irapuato in the state of Guanajuato, will give MSI its third location in the country.

Mitsui Sumitomo Insurance Co., Ltd. Revised Non-Consolidated Earnings Guidance for the Year Ended March 31, 2015

Mitsui Sumitomo Insurance Co., Ltd. revised non-consolidated earnings guidance for the year ended March 31, 2015. For the year, the company expects net premiums written of JPY 1,446.0 million against previous guidance of JPY 1,442.0 million. The company expects ordinary profit of JPY 171.0 million against previous guidance of JPY 130.0 million. The company expects net income of JPY 89.0 million against previous guidance of JPY 78.0 million.

Mitsui Sumitomo Insurance Co., Ltd. Announces Non Consolidated Earnings Results for the Nine Months Ended December 31, 2014

Mitsui Sumitomo Insurance Co., Ltd. announced non consolidated earnings results for the nine months ended December 31, 2014. For the period, the company reported ordinary profit of JPY 153,600 million compared to JPY 124,200 million a year ago. Income before income taxes was JPY 153,900 million compared to JPY 121,600 million a year ago. Net income was JPY 111,200 million compared to JPY 121,600 million a year ago. Net premiums written were JPY 1,078,800 million against JPY 1,030,900 million a year ago. Underwriting profit was JPY 38,600 million against JPY 37,100 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 29, 2015
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Merger/Acquisition
June 12, 2015
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Fund Raising
April 10, 2015
Chiiki Chukaku Kigyo Kasseika Fund
 

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