MS&AD spends $1b to cash in on industry woes

The Japanese insurer thinks it has spotted a way of benefiting from the sector’s travails as some of its peers sell portfolios in the face of Solvency II and low interest rates.

Alison Tudor-Ackroyd

October 06, 2017

MS&AD Insurance said on Friday it has agreed to buy up to 15% of Swiss Re’s UK closed book life business ReAssure Jersey One for 800 million pounds ($1 billion), part of the insurer's efforts to diversify away from Japan's high natural catastrophe risk.

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