Sompo Holdings, Inc. (Sompo) completes the acquisition of Aspen Insurance Holdings Limited (Aspen), following the receipt of all necessary antitrust and insurance regulatory approvals. The transaction, executed through a wholly owned subsidiary of Sompo International Holdings Ltd., involves the purchase of 100 per cent of Aspen’s issued Class A ordinary shares. Following the closing, Aspen’s Class A ordinary shares will be delisted from the New York Stock Exchange. The acquisition is designed to diversify and strengthen Sompo’s global insurance and reinsurance platform. Aspen brings a well-established franchise and a top-tier Lloyd’s of London syndicate, providing Sompo with enhanced access to complex risks and reinsurance licensing in untapped markets worldwide. Mikio Okumura, Sompo Group CEO, says: “Today marks an important milestone in our strategy to continue Sompo's plans for profitable growth, to deploy capital strategically and to ensure a globally diversified property and casualty platform. I am pleased to welcome the Aspen team to Sompo.” James Shea, CEO of Sompo International, adds: “The addition of Aspen’s talented team and robust underwriting culture will significantly enhance our ability to provide innovative solutions to our clients. This acquisition is a testament to our commitment to building a leading global (re)insurance business.” While the Class A shares have been delisted, each series of Aspen’s preference shares will remain outstanding with unchanged terms and conditions, continuing to list on the New York Stock Exchange.
