A holding company whose subsidiaries are engaged in the provision of a wide range of insurance and financial services in Japan. It was established in 2001 from the merger of Mitsui Marine & Fire Insurance Co. and Sumitomo Marine & Fire Insurance. It transacts business from its registered head office located in Tokyo, Japan.The company handles the administrative affairs and services of a holding company and grants management services to its subsidiaries. It also provides financial support and control function for the board. It is responsible for managing the group and its overall legal structure, tax planning, financial and equity structures. In addition, the company is involved in matters of policy, strategic planning, marketing, selecting and manning senior management positions, approving investments and budgets, and the overall ongoing monitoring of the group companies' performance. The company is the parent firm of Mitsui Sumitomo Insurance (MSI), which is a market leader in Japan's non-life insurance industry; Mitsui Direct General Insurance(Misui Direct), a direct sales automobile insurance company; and Mitusui Sumitomo Metlife Insurance (MSI MetLife), which is a leading company for variable annuities in Japan.
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