Tag: Endurance Ltd

Aspen: Proxy Advisory Firms Recommendations

Aspen: Proxy Advisory Firms Recommendations

Aspen Insurance Holdings Limited noted that Glass, Lewis & Co., LLC, a leading independent proxy advisory firm, has recommended that Aspen shareholders reject both proposals made by Endurance Specialty Holdings Ltd. and revoke any authorizations submitted on such proposals by executing and returning Aspen’s BLUE revocation card. The two Bermuda-based... Read more of this article

Endurance Global Agriculture Reinsurance Team

Endurance Global Agriculture Reinsurance Team

Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Avery Cook and Kristopher Lynn will join Endurance later this month to underwrite and manage international agriculture reinsurance programs. Collectively, they bring to Endurance several decades of experience with... Read more of this article

Endurance Launches New U.S. Insurance Unit

Endurance Launches New U.S. Insurance Unit

Endurance Specialty Holdings Ltd. yesterday [July 7] revealed that Mark Maritzen has joined the company as Executive Vice President and Head of Commercial Property within its U.S. Insurance operation. With almost twenty years of experience in the insurance industry in both underwriting and broker roles, Mr. Maritzen will be responsible for building... Read more of this article

Endurance Sends Letter To Aspen Shareholders

Endurance Sends Letter To Aspen Shareholders

Endurance Specialty Holdings Ltd. has sent a letter to the shareholders of Aspen Insurance Holdings Limited along with a definitive solicitation statement, as the exchanges between the two Bermuda-based re/insurers continue. The letter being mailed to Aspen common shareholders reads as follows: Dear Fellow Aspen Shareholder: As you may know, Endurance... Read more of this article

Endurance Responds To Aspen Board Position

Endurance Responds To Aspen Board Position

Endurance Specialty Holdings Ltd yesterday [June 17] said that Aspen Insurance Holdings Limited’s “combative response” to the commencement of an exchange offer by Endurance confirms the importance of the actions it is taking to give Aspen shareholders a voice in order to make their views known, to urge Aspen to come to the negotiating... Read more of this article

Aspen Board Rejects Endurance Offer Again

Aspen Board Rejects Endurance Offer Again

Aspen Insurance Holdings Limited said today that the company’s Board of Directors, after careful consideration and discussions with its financial and legal advisors, unanimously agreed to reject the unsolicited exchange offer from Endurance Specialty Holdings Ltd to acquire all of the outstanding shares of Aspen for a combination of common stock and... Read more of this article

Endurance Continue Attempts To Acquire Aspen

Endurance Continue Attempts To Acquire Aspen

Endurance Specialty Holdings Ltd. today [June 9] commenced an Exchange Offer for all of the outstanding common shares of Aspen Insurance Holdings Limited. The two Bermuda-based re/insurers have been going back and forth since Aspen unanimously rejected Endurance’s initial proposal in April 2014. A statement from Endurance said, “Under the... Read more of this article

Aspen Rejects Revised Endurance Proposal

Aspen Rejects Revised Endurance Proposal

Aspen Insurance Holdings Limited unanimously rejected a revised unsolicited proposal from Endurance Specialty Holdings Ltd.  to acquire Aspen for a combination of Endurance common stock and cash. Glyn Jones, Chairman of the Board of Directors, said: “Endurance’s revised proposal represents a backwards step in their efforts to pursue what has always... Read more of this article

Endurance Increases Proposal To Acquire Aspen

Endurance Increases Proposal To Acquire Aspen

Endurance Specialty Holdings Ltd today [June 2] announced that it is increasing the consideration in its proposal to acquire Aspen Insurance Holdings Limited to $49.50 per share in cash and Endurance common shares from its initial proposal of $47.50 per share and that it is launching several actions to expedite the transaction including filing a preliminary... Read more of this article

Endurance’s Declares Quarterly Dividend

Endurance’s Declares Quarterly Dividend

Bermuda-based Endurance Specialty Holdings Ltd. declared a quarterly dividend of $0.34 per ordinary share, $0.484375 per share payable on its 7.75% Non-Cumulative Preferred Shares, Series A and $0.46875 per share payable on its 7.50% Non-Cumulative Preferred Shares, Series B. The dividend on Endurance’s outstanding ordinary shares will be payable... Read more of this article


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