{"id":479,"date":"2025-09-02T08:30:32","date_gmt":"2025-09-02T08:30:32","guid":{"rendered":"http:\/\/www.ateliersfurrer.com\/?p=479"},"modified":"2025-09-02T13:31:20","modified_gmt":"2025-09-02T13:31:20","slug":"am-best-says-aspen-acquisition-could-have-material-benefits-for-sompo","status":"publish","type":"post","link":"http:\/\/www.ateliersfurrer.com\/index.php\/2025\/09\/02\/am-best-says-aspen-acquisition-could-have-material-benefits-for-sompo\/","title":{"rendered":"AM Best says Aspen acquisition could have \u201cmaterial benefits\u201d for Sompo"},"content":{"rendered":"

Credit ratings agency AM Best has placed the Financial Strength Rating (FSR) of Sompo Japan Insurance Inc. and its subsidiaries under review with positive implications, citing potential \u201cmaterial benefits in Sompo group\u2019s business profile following the acquisition of Aspen.\u201d<\/p>\n

\"SompoIt was announced last week that Sompo has agreed to acquire all outstanding Class A ordinary shares of Aspen Insurance in a $3.5 billion deal.<\/a><\/p>\n

AM Best feels that the move could accelerate Sompo\u2019s geographic diversification and lead to a significant enhancement in its presence in the global property and casualty re\/insurance market.<\/p>\n

The ratings agency has placed under review with positive implications the FSR of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \u201caa-\u201d (Superior) of Sompo Japan Insurance Inc. (SJ) (Japan) and its subsidiaries.<\/p>\n

Concurrently, AM Best has placed under review with positive implications the Long-Term ICR of \u201ca-\u201d (Excellent) of Sompo International Holdings Ltd. (SIH) (Pembroke, Bermuda), and has placed under review with positive implications the Long-Term Issue Credit Rating of \u201ca-\u201d (Excellent) on $335 million 7% senior unsecured notes due by 2034, which is guaranteed by SIH.<\/p>\n

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\"Brit<\/a><\/div>\n<\/div>\n

Once the deal closes, which is expected in the first half of next year, subject to regulatory approvals, insurer and reinsurer Aspen will become a subsidiary of SIH, the intermediate holding company under Sompo Japan.<\/p>\n

\u201cThe ratings will remain under review with positive implications pending the completion of the transaction and until AM Best can evaluate fully the impact on SJ\u2019s rating fundamentals,\u201d said AM Best.<\/p>\n

The post AM Best says Aspen acquisition could have \u201cmaterial benefits\u201d for Sompo<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Credit ratings agency AM Best has placed the Financial Strength Rating (FSR) of Sompo Japan Insurance Inc. and its subsidiaries under review with positive implications, citing potential \u201cmaterial benefits in Sompo group\u2019s business profile following the acquisition of Aspen.\u201d It…<\/p>\n","protected":false},"author":1,"featured_media":481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/479"}],"collection":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/comments?post=479"}],"version-history":[{"count":3,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/479\/revisions"}],"predecessor-version":[{"id":483,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/479\/revisions\/483"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media\/481"}],"wp:attachment":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media?parent=479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/categories?post=479"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/tags?post=479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}