Post by Sompo

𝐒𝐨𝐦𝐩𝐨 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐬 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐀𝐬𝐩𝐞𝐧 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 successfully completed the acquisition of Aspen Insurance Holdings Limited (“Aspen”) through the purchase of 100% of the issued Class A ordinary shares of Aspen. Mikio Okumura, Sompo Group CEO, said, “Today marks an important milestone in our strategy to continue Sompo’s plans for profitable growth, to deploy capital strategically and to ensure a globally diversified Property & Casualty (P&C) platform. I am pleased to welcome the Aspen team to Sompo.” James Shea, CEO of Sompo P&C, said, “This transaction continues our commitment to invest in and grow our global P&C footprint through market cycles. The addition of Aspen’s reinsurance and insurance portfolios along with a more substantial presence in the UK enable us to accelerate our commitments to our customers, people and shareholders. We look forward to welcoming our new colleagues and continuing to build our global portfolio through investments in people and technology. Aspen’s culture of underwriting and customer focus will ensure a smooth transition as we engage as one organization with our customers and partners.” Read the full release here: https://lnkd.in/eCBUm8ed