Hashtag: #AspenInsuranceHoldings
Aspen Shareholders Reject Endurance Proposal
Aspen Insurance Holdings Limited said that, based on preliminary voting results as of the close of business on July 25, 2014 – the target date for receiving consents set by Endurance Specialty Holdings Ltd. the “overwhelming majority of Aspen shareholders participating in the consent solicitation have rejected both of Endurance’s proposals. The... Read more of this article
Aspen Declares Dividends On Shares
The Board of Directors of Bermuda-based Aspen Insurance Holdings Limited has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.20 per ordinary share. The dividend is payable on August 27, 2014 to the holders of record as of the close of business on August 11, 2014. Aspen’s Board of Directors also declared a dividend on its 7.401%... Read more of this article
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
Aspen U.S. Insurance Appoints Kotsiopoulos
Aspen U.S. Insurance, part of the insurance segment of Bermuda-based Aspen Insurance Holdings Limited, announced that George Kotsiopoulos has joined as Vice President, Broker Relationship Leader. Mr. Kotsiopoulos joins Aspen U.S. Insurance with underwriting and distribution experience from previous positions at Zurich and AIG. Reporting to Robert... Read more of this article
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
Aspen Insurance Expands Into Latin America
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, revealed today that it is expanding its presence in Latin America with the opening of a regional hub in Miami, Florida. In the first instance, the Miami office will serve the needs of the burgeoning energy market throughout the region, with the expanded energy team within Aspen... Read more of this article
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 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 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 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 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
Aspen Report 2014 Q1 Net Income: $120.4M
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $120.4 million, or $1.66 diluted net income per share, for the quarter ended March 31, 2014. Chris O’Kane, Chief Executive Officer, commented, “We are very pleased with our strong results this quarter, which reflect the successful execution and growing impact of our... Read more of this article
