Marsh Japan completes takeover of Mitsubishi Electric Insurance Service

Core Insights - Marsh, part of Marsh McLennan, has completed the acquisition of Mitsubishi Electric Insurance Service, now operating as MEIS Insurance Services under Marsh Japan [1][2] - The acquisition aims to enhance service delivery and broaden the product portfolio for clients in Japan [5] Company Overview - MEIS was established in 1999 and offers a variety of insurance options including cargo, commercial auto, cyber, and workers compensation [2] - The company also provides non-life and life insurance, as well as medical and nursing care coverage [2] Leadership Changes - Ichiro Seino has been appointed as president and CEO of MEIS, bringing extensive experience from his tenure at Marsh Japan since 1995 [3][4] - Katsuya Furuta, the previous leader of Mitsubishi Electric Insurance Service, will serve as chairman of MEIS [3] Strategic Goals - Seino emphasized the commitment to maintaining reliable service while leveraging Marsh's global resources to enhance client value across Japan [4] - Marsh Japan's CEO, Chikara Nakanishi, highlighted the strategic benefits of combining leadership and expertise from both MEIS and Marsh to improve client offerings [5]