Hashtag: #EnduranceLtd
Endurance Reports Q2 2014 Financial Results
Bermuda-based Endurance Specialty Holdings Ltd. today reported net income available to common shareholders of $75.0 million and $1.68 per diluted common share for the second quarter of 2014 versus net income of $52.8 million and $1.21 per diluted common share for the second quarter of 2013. For the six months ended June 30, 2014, Endurance reported... Read more of this article
Aspen On Withdrawal Of Endurance Offer
Aspen Insurance Holdings Limited responded to the announcement by Endurance Specialty Holdings Ltd. that it is withdrawing its unsolicited offer to acquire Aspen and abandoning its proposals related to calling a special meeting of Aspen shareholders and petitioning the Supreme Court of Bermuda for an involuntary scheme of arrangement. Chris O’Kane,... Read more of this article
Endurance Terminates Offer To Acquire Aspen
Following weeks of exchanges between the two Bermuda-based re/insurers, Endurance Specialty Holdings Ltd. today [July 30] confirmed that it has terminated its offer to acquire Aspen Insurance Holdings Limited. In connection with the termination of its acquisition offer, Endurance will not be pursuing its board size increase and scheme of arrangement... Read more of this article
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: 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 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 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 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 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
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
A.M. Best Affirms Ratings Of Endurance Holdings
A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates. Concurrently, A.M. Best has affirmed the ICR of “bbb” and debt ratings of their publicly traded parent, Endurance Specialty Holdings, Ltd. Both companies are domiciled in... Read more of this article
Endurance 2014 Q1 Net Income: $96.3 Million
Bermuda-based Endurance Specialty Holdings Ltd today [May 5] reported net income available to common shareholders of $96.3 million for the first quarter of 2014, versus net income of $92.1 millionfor the first quarter of 2013. John R. Charman, Chairman and Chief Executive Officer, commented, “During the first quarter we generated strong financial... Read more of this article
