MITSUI Sumitomo Insurance (M) Bhd, which will be officially merged with Aviva Insurance Bhd on April 1 next year, expects the merged unit to have gross written premiums in excess of RM700mil as of that date, making it one of the top three players in the non-motor business.
Chief executive officer Fabian Wong said Mitsui Sumitomo Insurance Co Ltd of Japan completed the acquisition of 51% of the issued and paid-up share capital of Aviva from CGU International Insurance Plc at the end of last month. CGU International is the parent company of Aviva.
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