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Japan's MS&AD: in talks to buy UK insurer Amlin

Reuters - UK Focus

TOKYO, Sept 8 (Reuters) - Japan's MS&AD Insurance Group Holdings Inc said on Tuesday it is in talks to buy UK insurer Amlin (LSE: AML.L - news) , the latest multi-billion deal by aggressive Japanese companies.

Amlin, a specialist in property, casualty, marine and aviation insurance, has a stock market value of $3.8 billion. Nikkei business daily reported MS&AD is expected to pay more than 500 billion yen ($4.2 billion) to buy the company, without citing sources.

An MS&AD spokesman said the two companies are in talks but nothing has been decided. ($1 = 119.2600 yen) (Reporting by Taiga Uranaka; Editing by Cynthia Osterman)