Press Releases

Sompo Signs Agreement to Sell Run-off Endurance at Lloyd’s (EAL) Business to RiverStone Holdings Limited

Effectively completing its transformation to a one company market platform in the UK

August 30, 2022

PEMBROKE, Bermuda, August 30, 2022 — Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, announced today the sale of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Limited (RiverStone International), effectively completing the company’s previously communicated objective to consolidate its UK presence into one company market platform.

 

Julian James, CEO, Global Markets, Commercial P&C said: “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. 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.”

 

About Sompo
“Sompo” refers to Sompo Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries. Through its operating subsidiaries, Sompo is a leading global provider of commercial and consumer property and casualty (re)insurance. Sompo Holdings Ltd. is an indirect wholly owned subsidiary of Sompo Holdings, Inc. (“Sompo Holdings”). With approximately 10,000 employees at Sompo, 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, follow us on LinkedIn or please visit www.sompo-intl.com.

 

Contact
Sompo
Cara Gallagher
SVP, Marketing & Communications
Phone: + 1 917 421 4973
Email: cagallagher@sompo

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