Business
Sompo to Acquire Aspen for $3.5 Billion
TOKYO & HAMILTON, Bermuda, August 27, 2025--Sompo to Acquire Aspen for $3.5 Billion
About this update from Sompo Holdings,inc.
[{"type":"text","content":"All outstanding Class A ordinary shares of Aspen to be redeemed for cash and delisted from NYSE; Aspen preference shares to remain outstanding","length":142,"tagName":"p","attribs":{}},{"type":"text","content":"Further diversifies Sompo’s portfolio geographically in high-growth international markets","length":89,"tagName":"p","attribs":{}},{"type":"text","content":"Strengthens underwriting expertise and presence in core specialty insurance and reinsurance lines","length":97,"tagName":"p","attribs":{}},{"type":"text","content":"Provides access to significant fee-based income through leading capital markets platform","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"Transaction expected to be immediately accretive to ROE post-closing","length":68,"tagName":"p","attribs":{}},{"type":"text","content":"TOKYO & HAMILTON, Bermuda, August 27, 2025--(BUSINESS WIRE)--Sompo Holdings, Inc. ("Sompo" or the "Company") (Stock Code: 8630, TSE Prime Market) announced today that a wholly owned subsidiary of Sompo International Holdings Ltd. ("SIH"), has entered into a definitive merger agreement pursuant to which it will acquire 100% of the issued Class A ordinary shares of Aspen Insurance Holdings Limited ("Aspen") (NYSE: AHL) for $37.50 per share in cash. This represents aggregate consideration of approximately $3.5 billion. Aspen brings a leading specialty insurance and reinsurance franchise with more than $4.6 billion in annual gross written premiums centered around specialty product lines and bespoke solutions.","length":758,"tagName":"p"},{"type":"text","content":"Mikio Okumura, Sompo Group CEO, said, "In pursuit of realizing Sompo’s Purpose, we have been striving to enhance further resilience and to promote ‘Connect and Be Connected.’ To accelerate capital circulation management and collaboration across the Sompo Group, we established Sompo P&C and appointed James Shea as its CEO. This transaction is an excellent example of those initiatives in action.","length":405,"tagName":"p"},{"type":"text","content":""I would like to express my sincere appreciation for the successful realization of this transaction, made possible through the full utilization of the diverse capabilities and market intelligence of the SIH executive team, Jim’s leadership, and the close collaborat...