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Mitsui acquires majority stake in Lloyd's broker


Japan-based trading and investment firm Mitsui & Co. Ltd. has expanded its stake in Lloyd's insurance and reinsurance broker Pana Harrison (Asia) Pte. Ltd. to 51%, Asia Insurance Review reported. With this, Singapore-based Pana Harrison will now become a subsidiary of Mitsui. The transaction will enable Mitsui to expand its insurance and reinsurance operations globally.


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