⚓Sompo International selects Luxembourg for EU base .
Sompo International has opted for Luxembourg for its post-Brexit European headquarters.
The Bermuda-based arm of Sompo Holdings, formerly known as Endurance before its $6.3bn takeover by the Japanese insurance giant, plans to establish a new company, called SI Insurance (Europe), to write insurance and reinsurance from Luxembourg.
It said European growth is a vital element in the company’s strategy. Sompo International chairman and CEO John Charman said: We have been developing our strategy for Europe .
The Insurance Insider
http://m.insuranceinsider.com/sompo-international-selects-luxembourg-for-eu-base