Source disclosure: February 13, 2026
MS&AD Insurance Group Holdings,Inc. [8725.T]
TOKYO, Feb 13 (Reuters) - MS&AD Insurance Group Holdings Inc., led by President and Group CEO Shinichi Funada, announced today that it has finalized an agreement to merge its core insurance subsidiaries, Mitsui Sumitomo Fire & Marine Insurance Co. Ltd. and Aioi Nissay Dowa Insurance Co. Ltd., subject to shareholder approval and regulatory clearance.
The merger, scheduled to take effect on April 1, 2027, aims to create a new and stronger damage insurance company within the group's structure. The move is intended to solidify growth sources and enhance governance, thereby improving customer trust and positioning the newly formed entity as a leader in solving societal risks amid increasing uncertainty.
Under the terms of the merger, MS&AD Insurance Group Holdings will hold all issued shares of both Mitsui Sumitomo Fire & Marine Insurance and Aioi Nissay Dowa Insurance. As such, no monetary compensation will be provided to shareholders of Aioi Nissay Dowa Insurance in exchange for their shares. Post-merger, the combined entity will operate under the name "Mitsui Sumitomo Aioi Insurance Company, Limited," maintaining its headquarters in Chiyoda Ward, Tokyo.
The merged company will have a board comprising 15 directors, including seven outside directors. Leadership roles will be filled from among current executives of both companies, with plans to appoint a chairman, deputy chairman, and president from Mitsui Sumitomo Fire & Marine Insurance and Aioi Nissay Dowa Insurance respectively. No changes are anticipated in capital or reserve funds due to this consolidation.
Additionally, the group has outlined a basic plan for the merger, which includes long-term milestones aimed at achieving its vision for the year 2030. This strategic roadmap, set against the backdrop of evolving environmental conditions, seeks to establish a cycle of growth and trust that will make the new company the most preferred choice among customers. Details of the comprehensive strategy, encompassing business strategies, governance frameworks, and more, will be disclosed in late May 2026.
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