Baker McKenzie advises Mitsui Sumitomo Insurance Company on its acquisition of First Capital Insurance Limited
Tokyo, Japan, 31 January 2018 – Baker McKenzie has advised Mitsui Sumitomo Insurance Company, Limited on its acquisition of First Capital Insurance Limited, one of Singapore’s largest non-life insurers. First Capital provides a variety of insurance products, including marine hull insurance and fire insurance, primarily to large businesses across Southeast Asia.
The deal was led by Jiro Toyokawa, a partner in the Firm’s Corporate/M&A Practice Group in Tokyo, with the strong support of associates Satoshi Abe and Yasutaka Orihara. The cross-border team also included partner Stephanie Magnus and senior associate Selwyn Lim from Baker McKenzie in Singapore.
Commenting on the deal, Jiro said, “We are greatly honored to have been able to support Mitsui Sumitomo Insurance Company, Japan’s leading non-life insurer, on this very meaningful deal that contributes to the further expansion of their overseas business. We are dedicated to continuing to provide our clients with valuable advice.”