The shareholder Mitsui Sumitomo Insurance (MSI) aims to consolidate talent and strength of its European subsidiaries MSIG Insurance Europe AG (MSIGEU) and MS Amlin Insurance S.E. (MSAISE) in a merger of equals.

The shareholder Mitsui Sumitomo Insurance (MSI) aims to consolidate talent and strength of its European subsidiaries MSIG Insurance Europe AG (MSIGEU) and MS Amlin Insurance S.E. (MSAISE) in a merger of equals.

In Europe, significant growth of insurance requirements is expected, especially due to innovative technologies generating a fundamentally new level of novel risks which demand appropriate insurance services. This development will challenge the entire insurance business across Europe.

In light of these changing market dynamics and in light of a range of opportunities, the MSI Group’s two European subsidiaries, MSIGEU and MSAISE, are aiming for a strategic merger of equals. This is with the support of their common shareholder MSI. A combined MSI service offering across Europe will empower policyholders in being able to navigate the greater complexity and quantity of risk coverage needs with an even more sophisticated long-term partner across more markets.

MSIGEU is headquartered in Cologne, Germany and operates in seven markets across Europe, namely in Germany, Belgium, France, Italy, The Netherlands, Slovakia and Spain. With its headquarters in Brussels, Belgium, MSAISE is focused on the markets in Belgium, The Netherlands, France, and UK. MSAISE is one of the three pillars composing MS AMLIN. Both companies are wholly owned by the Japanese MSI Group, one of the world-leading insurers with more than 130 years of experience. The subsidiaries’ business fields, comprising property, motor, liability, engineering and marine, supplemented by risk engineering and claims services, are largely complementary with mostly different market coverage and little overlap, as respects the entirety of Europe.

The two firms are distinguished by their long-lasting track records and furthermore, are recognised as authorities providing individually tailored risk solutions. This is clearly driven by wide-ranging knowledge, extensive experiences cultivated from different markets and consistent will to comply properly with the requests from their business partners.

From this position of strength, the companies aim to consolidate talent and strength in Europe by combining MSIGEU and MSAISE in such a merger of equals.

With such a merger, the two subsidiaries would be able to leverage their existing capabilities. By learning from each other while respecting the different origins of the companies, they would be able to strengthen their cross-selling potential, IT systems and diverse portfolio to serve clients even better with bespoke products and services in favour of stronger growth.

In view of the upcoming market shifts, this merger project would be instrumental in continuing to fulfil the expectation of current business partners and offering innovative solutions to a new customer base. Given the similar standards within the same group and, also, considering the geographical proximity and thus, comparable cultures, a merger of these two subsidiaries would be the right thing to do for the future of the firms’ European operations. Restrictions for third parties are not expected.

For both companies, it is the appropriate time to prepare the future by maximizing the forces of both entities to become an even stronger multi-specialist insurer as a platform provider offering attractive, innovative risk solutions across Europe. With this focus of the new company, which will be also a global MSIG member, MSI aims to build another strong brand equity that will be comparable to the powerful brands in the US and Asia.

Such a merger would enable a wide range of benefits, from greater customer and employee satisfaction to stronger opportunities for sustainable profitable growth, which ultimately would benefit all stakeholders again.

This intragroup merger project is still subject to consultations and decisions at local level, including the approval by the regulatory authorities which is aimed for mid of next year. The company will provide information on this in due course.


Forward looking statements
This communication contains forward-looking statements regarding the planned intragroup merger, which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by relevant and applicable law.

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