October 5, 2016 / 6:15 AM / 10 months ago

BRIEF-Sompo Holdings: to buy U.S. insurer Endurance Specialty for $6.3 bln

Oct 5 (Reuters) - Sompo Holdings Inc :

* to buy U.S. insurer Endurance Specialty Holdings Ltd for $6.3 billion

* to pay $93 per share for Endurance Specialty

* to buy Endurance Specialty with cash on hand

* expects overseas insurance business to account for 27 percent of total group income after Endurance acquisition, up from 12 percent now

* expects to complete Endurance Specialty acquisition by end-March 2017 Source text for Eikon: Further company coverage:

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