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The ILS play will make the business more capital efficient under new owner Sixth Street. -
Hagood will stay on as sole CEO of Nephila Holdings, with Taylor continuing as president.
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The group claims the White House is undermining disaster preparedness.
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The Bermudian reiterated its pledge to improve performance.
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The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
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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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The mid-year renewals point to mounting pressure on reinsurance pricing.
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The deal was announced last month.
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Candy Wong spent 30 years at Aon Re China before a stint at Guy Carpenter.
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