Sompo Holdings announced in an 18 February press release that it has received the necessary antitrust and insurance regulatory approvals to complete its previously announced acquisition of 100% of the issued Class A ordinary shares of Aspen Insurance through a wholly owned subsidiary of Sompo International Holdings.
The transaction is expected to close within the next several days, subject to the satisfaction of customary closing conditions.
Aspen brings to Sompo a well-established insurance and reinsurance franchise with a strong underwriting culture. In addition, Aspen’s top-tier Lloyd’s syndicate provides Sompo with enhanced access to support complex risks and reinsurance licensing across previously untapped markets worldwide.
Following closing, Sompo will begin the process of integrating Aspen’s capabilities to ensure a globally diversified property and casualty platform.