Japan's MS&AD Insurance to buy 18% of Barings for$1.44 billion (updated)

MS&AD Insurance group

17/11/2025 06:59

Changes attribution to company announcement in paragraph 1

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

As part of the strategic partnership, MS&AD will send a member from its leadership team to Barings’ board. The transaction is expected to close after customary closing conditions and approvals have been finalised, the company said.

 (Reporting by Satoshi Sugiyama and Mariko Katsumura; Editing by Chang-Ran Kim and Christian Schmollinger)

 ((ran.kim@thomsonreuters.com))