US EditionBehind the Scenes of How the Two MS&AD Insurance Companies Overcame Their Grudges and Reached a Decision to Merge; Their Relationship as "Competing Non-Life Insurance Companies" with Separate Capital Continued Even After the Merger
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"If this is realized, we will surpass Tokio Marine & Nichido Fire Insurance and become the industry leader." On March 28, MS&AD Insurance Group Holdings, a major non-life insurance company, announced that it would merge its two core non-life insurance subsidiaries, Mitsui Sumitomo Insurance Co., Ltd. and Aioi Nissay Insurance Co., Ltd.
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