BRIEF-Sompo Holdings subsidiary completes acquisition of Endurance Specialty Holdings
* Says subsidiary Sompo Japan Nipponkoa Insurance Inc. completed acquisition of Endurance Specialty Holdings Ltd. on March 28 , or March 29(Japan time)
MILAN Nov 14 Italian insurer Generali said on Thursday it bought the minority stake it did not already own in its Asian holding Generali Asia as it aimed to simplify its business structure in the fast-growing region.
The acquisition of a 40 percent stake in the Asian holding from the conglomerate Kuok Group was worth 40 million euros ($54 million), the Italian group said in a statement.
The deal has a "negligible" impact on Generali's Solvency one ratio, the dominant measure of capital strength for insurers, Generali said.
Generali Asia controlls the insurer's operations in Indonesia, Thailand and Philippines. ($1 = 0.7430 euros) (Reporting by Francesca Landini; Editing by Lisa Jucca)
(Adds comment, detail, updates prices) By Melanie Burton MELBOURNE, March 29 London copper held steady near its highest in more than a week on Wednesday, buoyed by brighter data from the United STates, and expectations of seasonally improving second-quarter demand. U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentu