MSIG to buy First Capital for £1.25bn
Japanese carrier Mitsui Sumitomo Insurance, part of MS&AD, has acquired Singapore general insurer First Capital for $1.6bn (£1.25bn) from Fairfax Financial.
First Capital writes both personal and commercial insurance with a solid combined ratio.
The move is a significant step for MSIG to expand in South East Asia as it already operates in all 10 Asean
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