Baker McKenzie advises Mitsui Sumitomo Insurance on strategic partnership with Hippo

Baker & McKenzie (Gaikokuho Joint Enterprise) recently advised Mitsui Sumitomo Insurance Company, Limited (hereinafter, “MSI”) on a strategic partnership with Hippo Enterprises Inc. (hereinafter, “Hippo”), a US based insurtech group. The strategic partnership includes the purchase of convertible notes worth USD 350 million (approximately JPY 36.6 billion) and a reinsurance agreement with Hippo’s insurance carrier.

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