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Sompo completes transfer of run-off business to RiverStone

Posted On: Dec. 21, 2022 9:10 AM CST

Bermuda-based insurer Sompo International Holdings Ltd. has completed the transfer of its run-off business, Endurance at Lloyd’s, to U.K.-based legacy and run-off insurer RiverStone International following regulatory approval from the Prudential Regulation Authority, The Royal Gazette reports. Sompo said the transfer delivers on its previously communicated strategic objective to consolidate its U.K. presence into one company market platform.