Sompo closes $6.3bn Endurance deal

Sompo Holdings completed its $6.3bn acquisition of Endurance
Specialty and plans to use the (re)insurer as the basis for Sompo
International, a new unit to be located in Bermuda.
Sompo's deal, announced in October, was the biggest in 2016
involving a Bermuda-based carrier and set the stage for further
consolidation in the industry, including the pending $4.9bn
acquisition of Allied World by Toronto-based Fairfax.
The new Bermuda business will focus on commercial insurance and
reinsurance and wil