Hashtag: #EnduranceLtd
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
Endurance Appoints Clifford Easton As VP
Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Clifford Easton will join the company tomorrow as Executive Vice President and Global Head of Energy Insurance responsible for launching a new specialty insurance line covering both onshore and offshore energy. Mr.... Read more of this article
Endurance On Aspen’s “Vehement Refusal”
Endurance Specialty Holdings Ltd. today [Apr 21] said that the “vehement refusal” of Aspen Insurance Holdings Ltd. to consider its $3.2 billion proposal “continues to deny its shareholders the ability to receive a highly attractive premium and an ongoing stake in a global industry leader.” The two Bermuda-based re/insurers have... Read more of this article
Aspen Hits Back After Endurance’s Proposal
Yesterday [Apr 20] Aspen Insurance Holdings Ltd. issued a letter to shareholders regarding a previously disclosed unsolicited proposal from Endurance Specialty Holdings Ltd. to acquire Aspen for $3.2 billion. The two Bermuda-based re/insurers have been going back and forth since Aspen unanimously rejected Endurance’s proposal earlier this month. Glyn... Read more of this article
Endurance Appoints Richard Housley As VP
Bermuda-based Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Richard Housley has joined the company this week as Executive Vice President and Global Practice Leader for Property Insurance. Mr. Housley has extensive experience in property insurance markets where... Read more of this article
