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-0.00028449502133707 0.000284495021337272 -0.000640113798008357 -0.000142247510668434 0.00113798008534868 0.00448079658605991 -0.00227596017069696 0.00341394025604565
Stock impact report

MS&AD reportedly plans $5bn investment to boost North American growth [Yahoo! Finance]

W.R. Berkley Corporation (WRB) 
Last w.r. berkley corporation earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: wrberkley.com/investor-relations.aspx
Company Research Source: Yahoo! Finance
The Tokyo-based insurer, which leads in market share among global companies in Asia, is the third-ranked Japanese insurer in North America. “So the challenge is how to become the top player there,” CEO Shinichiro Funabiki told Bloomberg in an interview. “We need to strengthen our organisation so that we can double our profits in the near future,” said Funabiki, noting that specific business areas and investment targets will be decided later. Funabiki said the company intends to maintain its current investment approach. MS&AD projects net profits from its North American operations, encompassing Canada and Mexico, to hit Y166bn in the fiscal year ending March 2025, a 3.5-fold rise from the prior year. Amid a declining domestic market due to Japan's shrinking population, Japanese insurers are pursuing overseas growth through acquisitions. In March, MS&AD's subsidiary, Mitsui Sumitomo Insurance Co., revealed plans to purchase a 15% stake in US-based W.R. Berkley Corp. Funab Show less Read more
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