Mitsui Sumitomo to buy Singapore's First Capital Insurance for $1.6b

Mitsui Sumitomo to buy Singapore's First Capital Insurance for $1.6b

Mitsui Sumitomo Insurance Company Ltd has agreed to buy Singapore-based non-life insurer First Capital Insurance Ltd from Canada’s Fairfax Financial Holdings for $1.6 billion, underscoring growing appetite among Japanese insurers to expand outside their home markets.

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