Mitsui Sumitomo invests in KBZ MS
Mitsui Sumitomo Insurance, a member of MS&AD Insurance Group, has announced that the local authorities have approved a 10% equity investment in KBZ MS General Insurance, a private non-life insurance company in Myanmar.
Name of Company | KBZ MS General Insurance Company |
Business Profile | Non-life insurance business |
Main Products | Fire, Auto, Travel, Marine cargo, etc. |
MSI Percentage of Investment | 10% |
Date of Approval | November 28, 2019 |
In addition to the investment, MSI will support KBZ MS’s operations by appointing one staff to sit on the board, and sending some staff to provide high-quality products and services to Japanese companies operating in Myanmar. This investment will further strengthen MSI’s business presence in the rapidly growing Asian region and achieve sustainable development of its international business.
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