Oct 4 Insurer Sompo Japan Nipponkoa Insurance Inc, a unit of Sompo Holdings Inc, has firmed up plans to acquire U.S. casualty insurer Endurance Specialty Holdings Ltd, Nikkei reported on Tuesday.
The deal, which could be valued at about $6.5 billion, will be announced as soon as Wednesday, the Nikkei said. [s.nikkei.com/1W2QpaG ]
Sompo Japan will buy all of Endurance's outstanding shares without a tender offer, a move that is legal in Bermuda, the Nikkei said.
Sompo Japan Nipponkoa Insurance and Endurance Specialty Holdings were not immediately available for comment. (Reporting by Diptendu Lahiri in Bengaluru)
Morton County sheriff defends tactics against pipeline protesters
CANNON BALL, N.D., Dec 4 The sheriff of the North Dakota county where thousands of people are protesting a controversial pipeline project defended police tactics after they used water hoses and rubber bullets in a late November confrontation.
UPDATE 1-Saudi, Kuwait expect to restart Neutral Zone oilfields soon -sources
DUBAI, Dec 4 Saudi Arabia and Kuwait are expected to agree this month to resume oil production from the jointly operated oilfields in the Neutral Zone that lies between both countries, industry sources told Reuters on Sunday.