Mitsui Sumitomo Insurance to acquire a 15% stake in W. R. Berkley for $3.8bn.

Mitsui Sumitomo Insurance, a Japanese insurance holding company, agreed to acquire a 15% stake in W. R. Berkley, a commercial lines property & casualty insurance holding company, for $3.8bn. The agreements between MSI and the Berkley Family will not have any effect on the day-to-day operations of the Company, nor will these arrangements reduce the Berkley Family’s commitment to the Company. Under the agreements with the Berkley Family, MSI has also agreed to customary standstill restrictions relating to the Company that are also directly enforceable by the Company.