Baker McKenzie advises Mitsui Sumitomo Insurance on strategic partnership with Hippo
Baker & McKenzie (Gaikokuho Joint Enterprise) recently advised Mitsui Sumitomo Insurance Company, Limited (hereinafter, “MSI”) on a strategic partnership with Hippo Enterprises Inc. (hereinafter, “Hippo”), a US based insurtech group. The strategic partnership includes the purchase of convertible notes worth USD 350 million (approximately JPY 36.6 billion) and a reinsurance agreement with Hippo’s insurance carrier.
For further details, please click here.