Press Releases
MSI China obtains permit to prepare for establish its Jiangsu Branch
July 16, 2010
Mitsui Sumitomo Insurance Co., Ltd.
MSI group's approach to the Chinese markets
| Year | Benchmark |
|---|---|
Oct 2000 |
Mitsui Sumitomo Insurance Co., Ltd. ("MSI," former Mitsui Marine & Fire Insurance Company, Limited ("Mitsui Marine")) obtained a preliminary permit to open its Shanghai Branch from the China Insurance Regulatory Commission ("CIRC"). |
Apr 2001 |
MSI (former Mitsui Marine) obtained a license to operate at its Shanghai Branch. |
May |
MSI (former Mitsui Marine) opened its Shanghai Branch. |
Feb 2003 |
Suzhou representative office opened. |
Feb 2004 |
A permit to underwrite Chinese local risks was obtained from the CIRC. |
May |
A business cooperation agreement with Nansha Economic and Technological Development Zone of Guangdong city. |
Sep |
Hangzhou representative office opened. |
Oct |
A comprehensive cooperation agreement with China Pacific Insurance (Group) Co., Ltd. ("CPIC") was signed. |
| Qingdao representative office opened. | |
Jul 2007 |
A permit to establish a subsidiary in China was obtained from the CIRC. |
Dec |
Mitsui Sumitomo Insurance (China) Company Limited ("MSI China") officially commenced its operation as MSI's subsidiary in China |
Oct 2008 |
MSI China opened its Guangdong Branch. |
Mar 2009 |
MSI China increased its capital (to RMB 500 million). |
Dec |
MSI invested in CPIC as a fundamental investor. (approx. equivalent to USD 65 million) |
Jan 2010 |
MSI China opened its Beijing Branch. |
Mar |
InterRisk Consulting (Shanghai) Co., Ltd. established. |
Apr |
MSI acquired a seven-percent stake (equivalent to JPY 2.4 billion) in Sinatay Life Insurance Co., Ltd. |
Jul |
MSI China obtained a preliminary permit to open its Jiangsu Branch from the CIRC. |
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