US EditionSompo to Acquire Aspen for $3.5 Billion
Sompo's $3.5 billion acquisition of Aspen Insurance enhances global specialty insurance reach and adds $4.6 billion in premiums, boosting portfolio diversification and capital management.
- On August 27, 2025, Sompo Holdings, Inc. announced that its wholly owned subsidiary agreed to purchase all outstanding Class A shares of Aspen Insurance Holdings for $37.50 per share in cash.
- The transaction follows Sompo's strategic plan to expand its global specialty insurance and reinsurance portfolio amid ongoing efforts to enhance resilience and capital strength.
- Aspen, a Bermuda-based specialty insurer with annual gross written premiums exceeding $4.6 billion, offers a range of specialty insurance products and customized solutions. Meanwhile, Sompo reported insurance revenues of $34.5 billion and a net profit of $1.66 billion in fiscal year 2025.
- The $3.5 billion deal values Aspen at a 35.6% premium over its $27.66 unaffected share price on August 19, 2025, and has unanimous approval from both companies’ boards of directors.
- The acquisition is projected to finalize during the first half of 2026, broadening Sompo’s portfolio diversity and strengthening its financial position, while offering Aspen a committed long-term owner aligned with its values.
14 Articles
14 Articles
Sompo to Acquire Aspen in $3.5 Billion Deal, Expanding Global Specialty Insurance and Reinsurance Reach - Channelchek
In a landmark move that underscores its ambition to become a dominant global insurance player, Sompo Holdings, Inc. announced it will acquire Aspen Insurance Holdings Limited for $3.5 billion. The deal, structured as an all-cash transaction at $37.50 per share, represents a 35.6 percent premium to Aspen’s unaffected share price and signals Sompo’s determination to build a diversified property and casualty (P&C) platform with international reach.…
Sompo to Acquire Aspen for $3.5 Billion - Business Wire
The Japanese Sompo Group is continuing its international expansion, taking over Bermuda insurer Aspen, a majority shareholder of Apollo Capital Management. Sompo expects to strengthen its presence in international property and accident insurance from the $3.5 billion (EUR 3.0 billion) deal. The transaction agreed by the board of directors of the two companies is expected to be completed in the first half of 2026.
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