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.
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
How Insurers Know When It’s Time to Scale AI 
