Sompo buys Endurance Specialty for £4.86bn
Deal expected to close before the end of Sompo's current fiscal year end 31 March 2017.
Global insurer Sompo Holidings will buy US-based casualty insurer Endurance Specialty Holdings for £4.86bn, it has been announced.
The deal is expected to close before the end of Sompo's current fiscal year of 31 March 2017, according to the company.
In a statement, Sompo said: "The aggregate consideration is JPY637.5bn (approximately US$6.3bn), which represents approximately a 40.3% premium to Endurance's closing share price on 3 October 2016 and approximately a 41.6% premium to the average
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