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| February 26, 2004 |
|
MSI
invests in a Cambodian general insurer
Completing its facility network in ASEAN |
| Mitsui Sumitomo Insurance Co., Ltd. (President: Hiroyuki Uemura)
decided to purchase 25% of shares in a promising Cambodian general
insurer, Asia Insurance (Cambodia) Limited. MSI now has a branch,
subsidiaries, and affiliates in all eight ASEAN countries where foreign
general insurers are permitted to get a license. |
| |
|
| 1. |
About Asia Insurance
(Cambodia) Limited (Dec 2003) |
 |
 |
|
(1) |
Capital |
US$1,290,000
<To be increased to US$4,200,000 by 2007> |
|
(2) |
Total assets |
US$1,433,000 |
|
(3) |
Premium income |
US$900,000 |
| 2. |
About MSI's
facility network in ASEAN countries |
 |
 |
|
(1) |
MSI started its overseas
Asian operations in Thailand in 1954, the earliest among the Japanese
general insurers. |
|
(2) |
MSI has been operating in ASEAN countries
for the last 50 years, currently locating a branch, subsidiaries,
and affiliates in all eight ASEAN countries where foreign general
insurers are permitted to get a license. (Foreign insurers are not
permitted to get a license in Myanmar and Laos.) |
|