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Osaka City Shinkin, Mitsui Sumitomo Insurance team up to support customers overseas

Osaka CityShinkin Bank and MS&AD Insurance Group Holdings Inc.'s will cooperate in supporting their customers' overseasexpansion.

The two companies, which signed a memorandum ofunderstanding Oct. 1, look to complement Mitsui Sumitomo Insurance's experienceas a P&C insurance supplier in Southeast Asia with Osaka City ShinkinBank's position as the sole correspondent shinkin bank in Osaka Prefecture.

Japanese shinkin banks are nonprofit financial cooperatives.