Japan's MS&AD Insurance to buy 18% of Barings for $1.44 billion, Nikkei says

MS&AD Insurance group

17/11/2025 06:15

TOKYO, Nov 17 (Reuters) - Japan's MS&AD Insurance 8725.T will acquire an 18% stake in U.S. asset manager Barings for $1.44 billion from parent company MassMutual, the Nikkei business daily reported on Monday.

With the investment, the Japanese insurer aims to strengthen its management of unlisted assets expected to yield high returns, the paper said. Baring reports investment returns of 9.9%, the Nikkei said.

(Reporting by Satoshi Sugiyama
Editing by Chang-Ran Kim)

((ran.kim@thomsonreuters.com))