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Sompo International agrees sale of EAL to ‘withdraw’ from Lloyd’s

By 2022-08-30T15:04:00

Lloyd's entrance

The move marks the culmination of the firm’s strategy to divest itself from Lloyd’s and focus on the London market

Bermuda-based Sompo International has today (30 August 2022) signed an agreement to sell its wholly owned subsidiary business Endurance at Lloyd’s (EAL) to RiverStone International and withdraw from the Lloyd’s market.

The global provider of commercial and personal lines property and casualty (re)insurance said that the sale would complete its goal of consolidating its UK presence into a London market platform.

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