Sompo International set for 2021 departure from Lloyd's

Sompo International Holdings is saying goodbye to insurance marketplace Lloyd’s of London.
Starting January 2021, the specialty provider of property & casualty insurance and reinsurance will no longer write business from Endurance at Lloyd’s or Syndicate 5151. Sompo International said all renewals and new business will be written from Endurance Worldwide Insurance Limited, as the Bermuda-based insurer consolidates its London presence into one company market platform.
The move is part of Sompo International’s ongoing transformation.
“Our decision to focus our activities in London on a single company platform reflects the unique strength of Sompo’s global reach, brand, ratings, and financial stability,” asserted John Charman, executive chairman of the Sompo International board and chief executive of overseas insurance and reinsurance business at Sompo Holdings.