Industry News: Sompo to Acquire Aspen in $3.5 Billion Cash Deal
September 3rd, 2025 | 3 min. read
By Admin
Sompo Holdings has agreed to acquire Aspen Insurance Holdings for approximately $3.5 billion in cash, the companies announced. Under the terms, Sompo International Holdings, a wholly owned subsidiary of Sompo, will purchase all outstanding Aspen Class A ordinary shares at $37.50 per share. The transaction has been unanimously approved by the boards of both companies and is expected to close in the first half of 2026, subject to regulatory approvals (Sompo and Aspen).
Aspen reported gross written premiums of more than $4.6 billion in 2024 across specialty insurance and reinsurance lines. Sompo said the acquisition would be funded entirely through internal capital and described the transaction as accretive to return on equity. Aspen’s Class A shares will be delisted from the New York Stock Exchange once the deal closes, while preference shares will remain outstanding under current terms (Sompo).
Key Facts
- Acquisition value: $3.5 billion all-cash purchase
- Price per share: $37.50 (35.6% premium over August 19, 2025 unaffected share price)
- Board approval: Unanimous from both Sompo and Aspen
- Closing timeline: First half of 2026, pending regulatory approvals
- Aspen business: $4.6 billion in gross written premiums (2024)
- Strategic benefits: Specialty lines expansion, reinsurance growth, capital markets unit
- Financing: Fully funded through Sompo’s internal capital
- Market impact: Accretive to return on equity, positive ratings outlook from AM Best
For additional information regarding the acquisition, you can visit Sompo and Aspen's websites for their official statements.
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