Mitsui Sumitomo to buy Transverse for around $400m: reports

Japanese insurer Mitsui Sumitomo is going to buy US-based hybrid P&C programme and fronting company Transverse for about $400m, according to a report in Nikkei newspaper.

Nikkei reported that the deal could be announced before the end of this month. It added that Mitsui Sumitomo, part of MS&a...


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