Sompo bids for US insurer Endurance

Sompo, a Japanese insurer, has been looking hard for acquisitions since last year. It has now found one.

Sompo bids for US insurer Endurance

Sompo has announced a plan to buy US insurer Endurance Specialty Holdings for $6.3 billion, joining a raft of Japanese insurers that have turned to overseas markets to boost revenues.

Japan's leading insurance companies have long been forced to look overseas for acquisitions as a way of boosting their tepid domestic revenue base. Just two days ago, for instance, Nippon Life Insurance completed the acquisition of National Australia Bank’s subsidiary MLC Life Insurance for A$2.4...

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