Sompo acquires Aspen for $3.5bn
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Sompo acquires Aspen for $3.5bn

The purchase brings Sompo an established ILS platform as part of the deal.

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Japanese Big Three member Sompo has struck a deal to acquire Bermudian carrier Aspen for $3.5bn, noting the firm's "stable, fee-based" business managing third-party capital as "a unique strength that would otherwise be difficult to build organically".

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