Based in Tokyo and founded in 2010 , MS & AD Insurance Group Holdings is a Japanese insurance company with its core businesses including Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance .

The multifaceted group has a robust interest in the digital insurance space , recently throwing its weight behind the US insurtech Hippo with a $ 350mn injection of capital . MS & AD is also a partner of Direct Insurance Financial Investments , for whom it raised $ 77mn in funding . The company mainly deals with domestic life insurance , non-domestic life insurance , financial services and risk-related businesses .

One of the oldest and largest VCs to invest in the global insurance space , Transamerica was founded in San Francisco in 1928 . It offers a number of products within the term , whole , and indexed universal life insurance categories .

Thus far , Transamerica has funded leading insurtechs such as Quantemplate , Coverfax and Acko . Although the firm recently sold its corporate venture portfolio to Montana Capital Partners , Transamerica will continue to work with portfolio companies . The transaction will further simplify Transamerica ’ s business , in line with Transamerica ’ s strategy to actively manage its portfolio of businesses , allocating capital to activities with a greater potential for an attractive return on capital , and where Transamerica is well positioned for growth .

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