From Reuters: Mitsui Sumitomo Insurance, a unit of Japan’s largest property-casualty insurance firm MS&AD , said on Wednesday it may buy a stake in Malaysia’s Hong Leong Tokio Marine Takaful to tap growing demand for Islamic insurance.
The move comes as its Japanese rival Tokio Marine & Nichido said it is considering selling its 35 percent stake in the Islamic insurer to Hong Leong to end its partnership over strategic differences. Tokio Marine & Nichido is a unit of Tokio Marine Holdings………………………………………Full Article: Source