Insight and Intelligence on the London & International Insurance Markets

19 April 2018

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Aspen drafts in JP Morgan alongside Goldman

Adam McNestrie 9 March 2018

Aspen's board of directors has retained JP Morgan alongside "house" bank Goldman Sachs to advise the carrier on its alternatives as M&A speculation in Bermuda hits fever pitch, The Insurance Insider can reveal.

Four banking sources said that Aspen's board had chosen to draft in a second bank, but stressed that the move was difficult to interpret and does not necessarily represent a prelude to a sale of the company.

Aspen shares nonetheless shot higher when this publication broke the...

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