-
The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance. -
Signs of discipline indicate a “break” from past boom/bust market cycles.
-
The Japanese carrier faces integration challenges to make a success of the deal.
-
Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
-
James River said the court was right to dismiss the fraud case.
-
Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
-
Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
-
Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
-
The lawsuit has been filed as sales talks with Sompo yielded a deal.
-
The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
-
The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
-
Most Recent
