Sompo gets regulatory approvals for $3.5bn Aspen acquisition

Sompo Holdings, Inc. has reportedly received the necessary antitrust and insurance regulatory approvals required to complete its acquisition of 100% of the issued Class A ordinary shares of Aspen Insurance through a wholly owned subsidiary of Sompo International Holdings Ltd. (SIH).In August last year, SIH agreed to acquire all outstanding Class A ordinary shares of Aspen Insurance in a $3.5 billion transaction.The announcement prompted AM Best to place the Financial Strength Rating of Sompo Japan Insurance ...