POWERED BY
LEARN

Sompo Completes Acquisition of Aspen

Sompo finalises Aspen acquisition, expanding global reach
< Back to hub

Transaction diversifies and strengthens global insurance and reinsurance platform Aspen Class A ordinary shares delisted from NYSE

TOKYO, Japan and HAMILTON, Bermuda – February 24, 2026 – 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. Immediately following the closing, each series of preference shares of Aspen will remain outstanding and the relative rights, terms and conditions will remain unchanged. Sompo and Aspen may from time to time seek to redeem or repurchase and/or delist the preferred shares or associated depositary shares. Aspen’s Class A ordinary shares (symbol: AHL) will cease to trade on the New York Stock Exchange. Aspen’s preference shares remain listed on the New York Stock Exchange.

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.”

Following its acquisition by Sompo, Aspen will come under the Sompo Group umbrella and will transition to trading under the Sompo brand. Following the transaction, Mark Cloutier will act in an advisory role to Sompo.

link to article
LEARN
Howden expands insurance actuarial & longevity capabilities
with acquisition of Hymans IFS team
READ MORE
LEARN
Why resilience matters in today’s soft cyber market
Closing the resilience gap in today’s soft cyber market
READ MORE
LEARN
Starr Completes Acquisition of IQUW Group
Starr becomes the ninth-largest managing agency at Lloyd's.
READ MORE
LEARN
QBE & Aurora launch automated marine underwriting
QBE and Aurora streamline marine underwriting
READ MORE
LEARN
Lloyd’s market delivers strong full year performance
Very Strong balance sheet; increased capital
READ MORE
LEARN
Reinsurance CEO Agenda for 2026
Oxbow Partners
READ MORE
LEARN
Lockton Re to deploy agentic AI to streamline, drive growth
Lockton Re adopts agentic AI to improve broking efficiency and support future growth.
READ MORE
LEARN
Insurance AI deployments jump 87%
Evident reports an 87% surge in AI deployments across the insurance sector.
READ MORE
LEARN
Beazley posts profits of $1bn+ for third year running in 2025
Specialist insurer Beazley has posted a profit before tax of $1.15bn for the full year 2025
READ MORE
LEARN
Fidelis Insurance Group to Become Pelagos Insurance Capital in 2026
Strategic rebrand reflects future direction and market positioning
READ MORE
LEARN
QBE sees ‘strong & sustainable’ outcome at Jan 1 as retentions fall again
QBE reports strong January renewals as catastrophe retentions decline.
READ MORE
LEARN
Swiss Re to acquire QBE’s Trade Credit and Surety unit
Strategic move to expand Swiss Re’s trade credit offering.
READ MORE