Sale of the run-off business is part of Sompo’s strategy to consolidate its UK presence into one company market platform
Sompo International has completed the transfer of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Limited (RiverStone International), following regulatory approval from the UK Prudential Regulation Authority.
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.”