MS&AD to Buy U.K.'s Amlin for $5.3 Billion

Updated on
  • Deal represents highest multiple paid for any Lloyd's insurer
  • Adds to $81 billion in insurance deals so far this year

MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd’s of London insurer Amlin Plc for about 3.47 billion pounds ($5.3 billion) in its biggest acquisition, joining an overseas deal spree by Japanese peers. Amlin shares surged.

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