Fitch: Limited Rating Impact on Mitsui Sumitomo Insurance from Amlin Acquisition

September 9, 2015 10:06 AM

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(The following statement was released by the rating agency) HONG KONG/TOKYO, September 09 (Fitch) Fitch Ratings says that Mitsui Sumitomo Insurance Company, Limited's (MSI, Insurer Financial Strength (IFS): A/Stable) ratings will not be affected by the proposed acquisition of Amlin plc (Amlin, IDR: A-/Stable, main operating companies' IFS: A+/Stable).

Fitch is of the view that the proposed GBP3.5bn (JPY635bn) cash acquisition will not materially affect the financial profile of MSI and its parent group, MS&AD Insurance Group (MS&AD Group), given the size of the acquisition relative to the capital adequacy of MSI and MS&AD Insurance Group. Fitch ex...

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