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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process. -
The lawsuit has been filed as sales talks with Sompo yielded a deal.
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The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
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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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A roundup of all the news you need, including AM Best on reinsurers’ return on capital.
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Last year marked the second consecutive year in which carriers made a positive return.
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Paul Jeroen van de Grampel drove Aon's M&A and litigation solutions proposition.
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The ILS play will make the business more capital efficient under new owner Sixth Street.
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Hagood will stay on as sole CEO of Nephila Holdings, with Taylor continuing as president.
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The broker said it was achievable to place a $2bn vertical limit in the London market.
