Mitsui Sumitomo Insurance, Aioi Nissay Dowa to Merge

Mitsui Sumitomo Insurance, Aioi Nissay Dowa to Merge

   Tokyo, March 28 (Jiji Press)--Mitsui Sumitomo Insurance Co. and Aioi Nissay Dowa Insurance Co. plan to merge in April 2027, their parent, MS&AD Insurance Group Holdings Inc., said Friday.
   The merger will create the biggest nonlife insurer in Japan, overtaking current industry leader Tokio Marine & Nichido Fire Insurance Co.

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