DATASORA

Storylines

• Aon confirms $17bn for USI. KKR exits. Sicard to run the middle-market platform. Close targeted Q4. This is the tape going into Monte Carlo.
• RVS 5–9 Sept. First Monte Carlo of the combined Sompo + Aspen franchise. Counterparties will want a single view on cat, casualty retro, and the capital-markets sidecar.
• Gallagher Re just stood up a Digital Risk Practice — AI liability, data centers, cyber, digital engineering. Brokers are productizing tech risk the same way they productized cyber…
• Sompo International reinsurance revenue +92% to $1.55bn in 1Q’26. That is the Aspen print showing up in the P&L, not a slide.

Risks

• Howden US is still the litigation overlay on every broker conversation. 500+ hires, suits from Marsh, Aon, WTW, Brown & Brown, Alliant. Placement continuity is the underwriting…
• If your builders-risk limit was set on 2024 steel prices, you are underinsured. Tariffs took construction goods to a 40-year high. Endorse values now, not at the loss.

Watch

• For Sompo this is a distribution event, not just a broker scoreboard. A combined Aon–NFP–USI middle-market machine will concentrate…
• Watch appointment strategy. Middle-market construction, WC, and package business is exactly the SME lane Sompo just doubled down on with…
• Go to Monte Carlo with a one-page on Aspen integration, Service Insurance, construction appetite, and 1/1 casualty retro. The room will ask.
• Sompo’s specialty and Aspen cyber / management-liability capabilities need a clear answer when Gallagher Re shops these risks in the fall.