Mitsui Sumitomo Insurance to Buy Stake in W. R. Berkley
Tokyo – Mitsui Sumitomo Insurance, a prominent Japanese insurer, announced on Friday its plan to invest $3.8 billion to acquire a 15% stake in W. R. Berkley. This strategic move is designed to capitalize on the growing specialty insurance market.
The Japanese firm intends to finalize the share purchase by the end of March 2026. Following the acquisition, Mitsui Sumitomo Insurance will appoint a director to W. R. Berkley’s board.
Overseas markets currently contribute nearly 40% of the Mitsui Sumitomo Insurance group’s profits.
