Insurance Post

Mitsui confirms £3.47bn Amlin acquisition

Amlin chief executive Charles Philipps

Japanese insurer Mitsui Sumitomo Insurance Company has reached an agreement to acquire the entire share capital of London-headquartered Amlin for 670p per share in cash.

The acquisition values the entire issued and to-be-issued share capital of Amlin at £3.47bn.

Confirmation of the deal follows reports suggesting Mitsui could be prepared to pay as much as 500bn yen (

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