Japan's Sompo to buy Endurance Specialty for about $6.5 billion - sources



Japanese insurer Sompo Holdings Inc will announce a deal to buy U.S. casualty insurer Endurance Specialty Holdings Ltd for about $6.5 billion (5.1 billion pounds) on Wednesday, sources familiar with the matter said.
Japan's insurance sector has been aggressively buying U.S. businesses, announcing a slew of multibillion dollar deals as they seek growth beyond a rapidly maturing home market but Sompo has been a relative laggard.
Sompo, the nation's third-largest property and casualty insurer with a market value of $12 billion, said in a statement it was set to make a decision on the potential... read more

 
5 October 2016 in Business, Views: 69
Source: Reuters
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