Newgate advises SOMPO on Endurance acquisition

SOMPO, a Japanese insurance business, has instructed its retained agency Newgate Communications to provide communications advice around the proposed $6.3bn (£4bn) acquisition of specialist insurer Endurance.

Steffan Williams, Newgate group managing director, senior partner Charlie Chichester and associate partner Clotilde Gros are leading on the acquisition brief, which involves the consultancy’s financial, corporate and public affairs divisions.

Endurance Speciality Holdings is a Bermuda-based provider of property and casualty insurance and reinsurance. SOMPO and Endurance are listed in Tokyo and New York, respectively.

The Endurance transaction is the largest Newgate has worked on this year to date.