PEMBROKE, Bermuda, December 19, 2022 — Sompo International, a leading global provider of commercial and consumer property and casualty (re)insurance, announced today that following regulatory approval from the UK Prudential Regulation Authority, it has now completed the transfer of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Limited (RiverStone International), delivering on its previously communicated strategic objective to consolidate its UK presence into one company market platform.
Julian James, CEO, Global Markets, Commercial P&C said:
“I’m pleased that the transition of our EAL portfolio to RiverStone could be completed in a thoughtful and timely manner. Throughout the process our teams worked together with RiverStone to ensure a seamless and secure transition, keeping customer service at the forefront.
We remain committed to the London market and the collaborative work underway to modernise, remain relevant and best support the increasingly complex needs of clients here and around the world.”
About Sompo International
“Sompo International” refers to Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries. Through its operating subsidiaries, Sompo International is a leading global provider of commercial and consumer property and casualty (re)insurance. Sompo International Holdings Ltd. is an indirect wholly owned subsidiary of Sompo Holdings, Inc. (“Sompo Holdings”). With approximately 10,000 employees at Sompo International, 75,000 employees total worldwide, entities in over 29 countries and over $36 billion in Gross Written Premiums, Sompo Holdings is one of the leading property and casualty insurance groups in the world. Sompo Holdings maintains excellent financial strength as evidenced by the ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard and Poor’s on its principal operating subsidiaries. For more information about Sompo International, follow us on LinkedIn or please visit www.sompo-intl.com.
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