Sompo International sells Endurance at Lloyd’s run-off business to RiverStone

Written by Michael Griffiths

31/08/2022

Sompo International has announced the sale of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Limited.

The Bermuda-based insurer said the move will effectively complete its previously communicated objective to consolidate its UK presence into one company market platform.

Through its operating subsidiaries, Sompo International is a global provider of commercial and consumer property and casualty reinsurance.

“Since executing on our strategic decision in 2020 to consolidate our UK presence into one company market platform we have taken a measured and controlled approach to withdrawing from Lloyd’s to ensure minimal disruption to our brokers and clients,” commented CEO, global markets, Commercial P&C, Julian James.

“We’re pleased to enter this agreement with RiverStone International and are committed to making this transition as seamless as possible for our brokers and clients. We look forward to having a constructive collaboration with Lloyd’s for the benefit of the London market and beyond.”

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