Davis Polk advised the joint book runners in connection with a Rule 144A/Regulation S offering by Mitsui Sumitomo Insurance Company of its $910 million aggregate amount of 4.950% step-up callable perpetual subordinated notes. The notes are listed on the Singapore Exchange Securities Trading Limited.

Mitsui Sumitomo Insurance Company is one of the largest non-life insurance companies in Japan and a core operating company of MS&AD, Japan’s largest non-life insurance group in terms of net premiums written.

The Davis Polk corporate team included partner Jon Gray, counsel Christopher Kodama and associates Mari Foster and Shinya Fujiwara. Counsel Alon Gurfinkel and associates Omer Harel and Veronica Davis provided tax advice. Counsel Charles Shi provided ERISA advice. Members of the Davis Polk team are based in the Tokyo, London and New York offices.

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