Mitsui Sumitomo Insurance snaps up London-based ILS fund manager
Insurance-linked securities | February 05, 2019
Insurance-linked securities (ILS) fund manager Leadenhall Capital Partners LLP (LCP) is now majority owned by Japanese company Mitsui Sumitomo Insurance.
In line with efforts to boost its ILS business, the MS&AD Insurance Group subsidiary acquired 80% of limited partnership equity in the London-based firm from MS Amlin Corporate Services. The latter is part of Mitsui Sumitomo Insurance’s UK subsidiary MS Amlin Plc.