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The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
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The broker said 2026 will bring a “cautious but deliberate” aviation reinsurance environment.
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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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The news comes after the announcement of CEO Graham Evans’ departure.
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A key hearing in the poaching case is set for 4 September in New York.
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Worsening trading conditions in the D&O market are leading to staff cutbacks.
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US retailers have various levers to pull to put pressure on potential new competitors.
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Sources said that detailed discussions have taken place, with a clear path to a deal.