Mitsui Sumitomo seals $400m deal to buy Transverse for US expansion

10-08-2022

Mitsui Sumitomo seals $400m deal to buy Transverse for US expansion

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Mitsui Sumitomo Insurance (MSI) has agreed to acquired US-based hybrid fronting company Transverse Insurance Group from Virgo Investment Group in a deal valuing slightly over $400 million (approximately ¥54.2 billion).


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