MS&AD Insurance Group to invest up to $5bn in North American expansion

Written by Adam Cadle

23/04/2025

MS&AD Insurance Group plans to invest up to ¥700bn (approximately $5bn) to expand its presence in North America, aiming to double operating profit in the region.

The Tokyo-based insurer holds the largest market share in Asia among global insurance firms but ranks third among Japanese peers in North America.

Speaking to Bloomberg, CEO Shinichiro Funabiki, said: “So the challenge is how to become the top player there. He added that the company is focused on strengthening its organisational structure to support future profit growth, though decisions on specific business areas and investment targets are still pending.”

In March, MS&AD announced that its subsidiary, Mitsui Sumitomo Insurance Co., would acquire a 15% stake in US-based W.R. Berkley Corp.

MS&AD expects net profit from its North American operations, including businesses in Canada and Mexico, to reach ¥166bn for the fiscal year ending March 2025, more than triple the figure reported a year earlier.

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