Asia Pacific
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance. -
The deal is part of Gallagher’s ongoing Asia-Pacific investment strategy.
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The firm has also updated the loss-calculation engines of existing Jeannie tools.
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The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
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The all-cash deal values the Bermudian’s stock at a 36% premium.
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This publication first reported deal talks last week.
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Aspen would give Sompo more reinsurance scale, more US premium and a Lloyd’s presence.
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This publication revealed yesterday that the two were in detailed takeover talks.
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This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
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Sources said that detailed discussions have taken place, with a clear path to a deal.
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Candy Wong spent 30 years at Aon Re China before a stint at Guy Carpenter.
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DB reiterated that no final decisions have been made regarding a potential deal.
