Apollo Global Management, a private equity firm, completed the previously announced acquisition of Aspen, a holding company. The transaction, which was first announced on 28 August 2018, for $2.6bn. "We are excited for our funds to be acquiring Aspen as it embarks on the next chapter of its development. We are delighted to be working with Mark again following our successful investment together in Brit Insurance. Mark has a long and successful track-record in the insurance sector and we believe he is ideally placed to lead Aspen through a period of transition to substantially improved profitability. We look forward to working with him and Aspen’s talented management team to drive value creation over the coming years," Alex Humphreys, Apollo Partner.