Sompo to acquire Aspen for $3.5bn.

Sompo, an integrated insurance and financial services group, agreed to acquire Aspen, an insurance and reinsurance provider, for $3.5bn. “Sompo is a highly regarded brand and through this process it has become clear that they represent a long-term owner for Aspen that respects our business and shares our values and ethos. This transaction represents an excellent outcome for Aspen and our shareholders, while Sompo’s scale and capital strength will create significant opportunities for our customers, trading partners and colleagues. We look forward to sharing more details as we work towards completion, while maintaining our focus on continuing to deliver great service and products for our customers,” Mark Cloutier, Aspen Group Executive Chairman and Group CEO.