Aspen Expands Into U.S., Buys Dakota Specialty
NU Online News Service, Sept. 9, 3:30 p.m. EDT?Aspen Insurance Holdings Ltd., a Bermuda-domiciled reinsurance and specialty insurance, provider, said it has purchased Dakota Specialty Insurance Company for an expansion into the U.S. excess and surplus lines business.
Terms for the acquisition of the North Dakota-licensed firm, which is based in Stamford, Conn., were not disclosed. Dakota's parent firm, Insurance Corporation of New York is part of the Bermuda domiciled Trenwick Group, which is now in provisional liquidation.
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