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. “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," Mikio Okumura, Sompo Group CEO.