Endurance confirms advanced Sompo talks

Bermudian (re)insurer Endurance has said that it is in advanced
discussions to sell to Japanese big three insurer Sompo.
In a statement, the reinsurer "confirmed that it is in
advanced discussions with Tokyo-based global insurance carrier
Sompo Holdings, Inc regarding a potential strategic
transaction".
Earlier, The Nikkei had broken the news that Endurance was set
to sell to Sompo in a deal valuing the business at around
$6.5bn.
The Insurance Insider subsequently
independently verified that the