MS&AD Insurance Group Holdings is extending gains. The Nikkei reported at 5 p.m. on the 3rd that the company is considering entering the European reinsurance brokerage business. John Fitzgerald, CEO of MS Transverse, the group's U.S. insurance subsidiary, revealed this in an interview with the Nikkei. MS Transverse's premium volume has grown sixfold in three years to about $3 billion, ranking second in the U.S. The company aims to leverage the network built in its U.S. operations to expand into Europe, including the UK.
MS&AD Insurance Group Holdings, Inc.MS&AD plans to enter European reinsurance brokerage, leveraging its U.S. network to expand its services into Europe including the UK.
