Sompo gives Charman scale and a long-term view

With its sale to Sompo, John Charman's Endurance has secured
itself the privileged role of becoming the global specialty
(re)insurance arm of a vast insurer with an unshakeable cornerstone
domestic market position, a long-term perspective and a commitment
to fund international growth.
The $6.3bn sale of the business at a 43 percent premium to the
three-month average share price represents a coup for shareholders,
who will be able to cash out at a point when returns and valuations
are widely...