MS&AD Insurance to acquire a 18% stake in Barings from MassMutual for $1.44bn.

MS&AD Insurance, a Japanese insurance company, agreed to acquire a 18% stake in Barings, an insurance services company, from MassMutual, an American life insurance company, for $1.44bn. “At MassMutual, one of our distinct competitive advantages to deliver sustained value to our policyowners has long been our diverse portfolio of strategic businesses and investments, of which Barings plays a key role. This investment by MS&AD creates a strategic partnership with a leading global insurance company that is also deeply committed to Barings’ long-term success. The transaction accelerates Barings’ growth and builds on our long-standing, successful optimization of the intersection of insurance and asset management, allowing us to realize even more value over time and ultimately benefiting our policyowners and customers," Roger Crandall, Chairman, MassMutual President and CEO.