MS&AD Insurance Group Holdings Inc (8725.T)
21 Oct 2016
* Sticks to full-year plan to invest 70 bln yen in foreign assets
TOKYO/WASHINGTON Japanese insurer Sompo Holdings Inc said on Wednesday it will buy U.S. property and casualty insurer Endurance Specialty Holdings Ltd for $6.3 billion, the latest in a string of acquisitions by insurers starved of growth in aging Japan.
* Japanese insurers have been aggressively expanding overseas (Adds legal advisers, paragraph 13)
* Malaysia general insurance market grew 3 pct in H1 (Adds details of Malaysian general insurance market, share reaction)
MUMBAI, Aug 8 India's HDFC Standard Life Insurance Co Ltd reached agreement on Monday to take over smaller rival Max Life Insurance in an all-stock deal to create the nation's top private life insurer valued at nearly $10 billion.
* Total payout far less than after 2011 quake and tsunami (Recasts with top three insurers' estimates)