MS&AD Insurance to acquire 18% stake in Barings for $1.44 billion - report

Investing.com -- Japan’s MS&AD Insurance (TYO:8725) will buy an 18% stake in U.S. asset manager Barings for $1.44 billion from parent company MassMutual, according to a Monday report by the Nikkei business daily.

The Japanese insurer aims to strengthen its management of unlisted assets through this investment, targeting high returns. Barings currently reports investment returns of 9.9%, the Nikkei said.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.