Hashtag: #AspenInsuranceHoldings
Aspen Appoints Andrew Kudera As Executive VP
Aspen Insurance Holdings announced that Andrew [Andy] Kudera has been appointed Executive Vice President and Group Chief Actuary, effective February 3, 2020. Mr. Kudera brings 40 years of actuarial experience in the re/insurance industry to Aspen. Prior to managing his own consulting firm, he served as Executive Vice President and Group Chief Actuary... Read more of this article
Aspen Declares Dividends On Preference Shares
Aspen Insurance Holdings Limited announced that the Board of Directors has declared the following dividends on its Preference Shares: Quarterly dividend of $0.3719 per share on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share; Quarterly dividend of $0.3516 per share on its 5.625%... Read more of this article
Aspen Insurance Report Six Month Results
Bermuda-based Aspen Insurance Holdings Limited reported operating income of $101.8 million, and a net loss of $[37.3] million, for the six months ended June 30, 2019. Mark Cloutier, Chief Executive Officer, commented: “We continue to see improvement in our underwriting performance as a result of our focus on underwriting discipline and active management... Read more of this article
Aspen Prices Public Offering Of $250 Million
Aspen Insurance Holdings has priced an underwritten public offering of 10,000,000 Depositary Shares, each of which represents a 1/1000th interest in a share of the Company’s newly designated 5.625% Perpetual Non-Cumulative Preference Shares. The Preference Shares have a liquidation preference of $25,000 per Preference Share, equivalent to $25 per... Read more of this article
Aspen Declares Dividends On Preference Shares
The Board of Directors of Aspen Insurance Holdings Limited has declared a dividend on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share of $0.3719 per 5.95% Preference Share. The dividend is payable on October 1, 2019 to the holders of record as of the close of business on September... Read more of this article
Aspen Announces Management Changes
Aspen Insurance Holdings Limited announced several changes to its executive leadership team to “support continued operational improvement in the business and best position Aspen to capture new opportunities for profitable growth and value creation”, according to the company. Mark Cloutier, Executive Chairman and Group Chief Executive Officer,... Read more of this article
Aspen Declare Dividends On Preference Shares
The Board of Directors of Aspen Insurance Holdings Limited has declared a dividend on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share of $0.3719 per 5.95% Preference Share. The dividend is payable on July 1, 2019 to the holders of record as of the close of business on June 15, 2019. In... Read more of this article
Apollo Funds Completes Aspen Acquisition
[Updated] The Bermuda Stock Exchange [BSX] announces it has, prior to the market opening today, Friday, 15 February, 2019, has suspended trading of Aspen Insurance Holdings Ltd.’s common shares in “anticipation of the merger of Highlands Merger Sub, Ltd. and Aspen Insurance Holdings Ltd.” Update 9.58am: The BSX said that Aspen Insurance... Read more of this article
Aspen Declares Dividends On Preference Shares
The Board of Directors of Aspen Insurance Holdings Limited has declared a dividend on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share [the “5.95% Preference Shares”] of $0.3719 per 5.95% Preference Share. The dividend is payable on April 1, 2019 to the holders of record as of... Read more of this article
Aspen Declares Dividends on Preference Shares
The Board of Directors of Aspen Insurance Holdings Limited has declared a dividend on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share of $0.3719 per 5.95% Preference Share. The dividend is payable on January 1, 2019 to the holders of record as of the close of business on December... Read more of this article
Appleby Acts For Aspen In $2.6B Sale Process
Appleby Bermuda said they “acted for Aspen Insurance Holdings Limited during a competitive sale process [valued at c. $2.6 billion] which was won by private equity firm Apollo Global Management LLC.” “The team was led by Partner Alan Bossin with assistance from Partner Matt Ebbs-Brewer and Associate Josephine Noddings. It is forecast... Read more of this article
Apollo To Acquire Aspen Insurance For $2.6B
Aspen Insurance Holdings announced today [Aug 28] that they have “entered into a definitive agreement under which Aspen will be acquired by the Apollo Funds.” Under the terms of the agreement, which has been approved by Aspen’s Board of Directors, the Apollo Funds will acquire all of the outstanding shares of Aspen for $42.75 per share... Read more of this article
Aspen Appoints Issavi To Lead Its Reinsurance
Aspen Insurance Holdings Limited announced that Emil Issavi, President and Chief Underwriting Officer of Aspen Re, has been appointed to lead its reinsurance business with immediate effect. Mr. Issavi succeeds Thomas Lillelund who is leaving Aspen to take a senior leadership position with a global P&C insurance company. Mr. Lillelund is expected... Read more of this article
Aspen Reports 2018 Second Quarter Results
Aspen Insurance Holdings Limited reported a net loss after tax of $[14.7] million, or $[0.38] per diluted ordinary share, and operating income after tax of $56.3 million, or $0.80 per diluted ordinary share, for the second quarter of 2018. Chris O’Kane, Chief Executive Officer, commented: “Aspen’s second quarter results demonstrate ongoing execution... Read more of this article
Aspen Dividends On Ordinary, Preference Shares
The Board of Directors of Aspen Insurance Holdings Limited has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.24 per ordinary share. The dividend is payable on September 4, 2018 to the holders of record as of the close of business on August 17, 2018. Aspen’s Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating... Read more of this article
Aspen Seeks Approval For New Irish Subsidiary
Aspen Insurance Holdings has submitted an application to the Central Bank of Ireland for authorization of a new insurance subsidiary in Dublin, Republic of Ireland, saying that the new Irish subsidiary – Aspen Insurance Ireland DAC – will “ensure that Aspen can continue serving partners and clients in the European Economic Area following”... Read more of this article
