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Mitsui Sumitomo paying US$1.6b for S'pore insurer

Buyer says acquisition of First Capital Insurance further cements its leading position in Asean non-life insurance

2017-08-24T014055Z_788867708_RC11928F2C00_RTRMADP_3_FAIRFAX-FIN-SALE-MITSUI-SUMITOMO.JPG
Mitsui Sumitomo Insurance (MSI) is buying Singapore's largest property and casualty insurance company First Capital Insurance for US$1.6 billion from Fairfax Financial Holdings to further cement its leading position in Asean's non-life insurance market.

Singapore

MITSUI Sumitomo Insurance (MSI) is buying Singapore's largest property and casualty insurance company First Capital Insurance for US$1.6 billion from Fairfax Financial Holdings to further cement its leading position in Asean's non-life insurance market.

MSI will acquire

sentifi.com

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