Aspen
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Innovation emerged as the critical target for attracting new business to London. -
Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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The Aspen exec highlighted the London market’s long-standing reputation for innovation.
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The insurer paid tribute to the executive’s lasting contributions to the firm.
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What’s next for the reinsurance market as Monte Carlo approaches?
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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The Japanese carrier faces integration challenges to make a success of the deal.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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Plus, the latest people moves and all the top news of the week.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
