21-04-2025
Japanese Insurer MS&AD Plans to Invest as Much as $5 Billion to Double US Profits
MS&AD Insurance Group Holdings Inc. plans to invest as much as about ¥700 billion ($5 billion) to expand in the North American market, to meet its goal of doubling operating profits in the region, according to its chief executive officer.
The Tokyo-based casualty insurer has the highest market share in Asia among global firms, but it's No. 3 among Japanese peers in North America, 'so the challenge is how to become the top player there,' said Shinichiro Funabiki in an interview.
