AM Best cited Sompo Japan’s increased overseas revenue and profit share following the Aspen deal, while highlighting integration and risk management as key areas to watch.
Overseas premiums are projected to account for about 50% of non-life premiums and profits in FYE26, supported by its US$3.5bn acquisition of Aspen Insurance.
The deal, expected to close in the coming days, will see Japanese insurer leverage Aspen’s Lloyd’s syndicate and capital markets platform to boost its international growth strategy.
