Sompo Holdings completes takeover of Endurance Specialty

Posted On: Mar. 29, 2017 5:00 AM CST

Japanese insurer Sompo Holdings Inc. has completed the takeover of Bermuda-based insurer Endurance Specialty Holdings Ltd. in a deal worth $6.3 billion, The Royal Gazette reported. Endurance will be integrated into Sompo Holdings through the creation of Sompo International, which will be based in Bermuda. Sompo International will be led by John Charman as chairman and CEO, who will report to Kengo Sakurada, president and CEO of Sompo Holdings.