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Mitsubishi Electric completes sale of insurance subsidiary to Marsh Japan
ReinsuranceNe.wsยท 2025-11-04 11:00
Core Points - Mitsubishi Electric Corporation has completed the sale of its Tokyo-based insurance subsidiary, Mitsubishi Electric Insurance Service Co., Ltd., to Marsh Japan, Inc. [1] - The insurance subsidiary was established in 1999 and has supported the growth of companies and individuals within the Mitsubishi Electric Group [2] - Following the transaction, the former subsidiary is now a wholly owned entity of Marsh Japan and has been renamed MEIS Insurance Services, Inc. [3] - The financial impact of this transaction on Mitsubishi Electric's consolidated results is expected to be minor and is not included in the financial forecast for the fiscal year ending March 2026 [3]