Common Contracts

Aioi Insurance, Nissay Dowa General Insurance, and Mitsui Sumitomo Insurance Group Reach Basic Agreement on Business Integration

September 30th, 2009

• Filed
  September 30th, 2009

Aioi Insurance Co., Ltd. (president: Tadashi Kodama) (“Aioi”), Nissay Dowa General Insurance Co., Ltd. (president: Ichiro Tateyama) (“NDGI”) and Mitsui Sumitomo Insurance Group (Mitsui Sumitomo Insurance Group Holdings, Inc. (“MSIGH”) and Mitsui Sumitomo Insurance Company, Limited (“MSI”); president: Toshiaki Egashira) (the “Parties”) have now reached an definitive agreement on their Business Integration after discussions as announced on January 23, 2009. Aioi, NDGI and MSIGH are pleased to announce that they entered into a share exchange agreement and Aioi and NDGI a merger agreement, both of which are conditional on the Parties’ receiving approvals from their respective shareholders meetings and obtaining permissions and other approvals from relevant authorities.