Mitsubishi Electric to Transfer Shares of Insurance Subsidiary to Marsh Japan
Mitsubishi Electric Corporation (TOKYO: 6503) has signed an agreement to transfer shares of its insurance subsidiary, Mitsubishi Electric Insurance Service Co., Ltd., to Marsh Japan, Inc., a subsidiary of Marsh McLennan (NYSE: MMC).
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Since its establishment in 1999 as an insurance agency for the Mitsubishi Electric Group, Mitsubishi Electric Insurance Service has supported the growth of companies and the life plans of individuals. Marsh
Mitsubishi Electric has been assessing the significance of the insurance business in its portfolio, aiming to further strengthen the company’s overall business structure. Considering the evolving business environment for insurance agencies in
The impact of the transaction on Mitsubishi Electric’s consolidated financial results is not included in its financial forecast for the fiscal year ending March 2026, announced on April 28, 2025, but it is expected to be minor. If there is any significant change, updates will be announced promptly as required.
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Source: Mitsubishi Electric Corporation