Wellington Underwriting PLC in London reported that it will receive net proceeds of about $138.6 million from the sale of 6,000,000 Aspen shares.
Following the sale of these shares, Wellington will continue to hold 3,800,142 Aspen shares, as well as options to purchase a further 3,781,120 Aspen shares.
Wellington has said it plans to invest the funds to support its underwriting operations at Lloyd’s.
Was this article valuable?
Here are more articles you may enjoy.
Nuclear Verdicts Surge to $14.5 Billion in 2023 – Report 
Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance 
Class Action Settlements Flooded With Fraudulent Claims by Scammers 
Viewpoint: The 10 Major Risks Shaping Insurance Today 
