India, Aug. 27 -- Insurance and financial services group Sompo Holdings, Inc. announced Wednesday that a wholly owned subsidiary of Sompo International Holdings Ltd. has agreed to acquire 100% of the issued Class A ordinary shares of Aspen Insurance Holdings Ltd. (AHL) for $37.50 per share in an all-cash deal valued at approximately $3.5 billion.
Aspen brings a leading specialty insurance and reinsurance franchise with more than $4.6 billion in annual gross written premiums centered around specialty product lines and bespoke solutions.
Aspen is expected to be immediately accretive to ROE and make a significant contribution to the Sompo Group.
This consideration represents a 35.6% premium to the unaffected share price of $27.66 on August ...