Aspen Insurance Holdings News

Aspen Rejects Increased Offer from Endurance; Proxy Fight Looms

Endurance Specialty Holdings increased offer to buy Aspen Insurance Holdings was rejected for the second time, but Endurance said it was willing to launch a proxy fight to get the deal done. Endurance said on Monday it raised the offer …

Endurance Specialty Increases Offer for Aspen by $2 a Share

Endurance Specialty Holdings Ltd. increased its offer to buy Aspen Insurance Holdings Ltd. by $2 a share as it seeks to overcome resistance to its earlier bid. Endurance said it would pay $49.50 per share for the Hamilton, Bermuda-based company, …

Aspen Reports $120.4 Million Q1 2014 Net Income

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. Operating highlights for the quarter ended March 31, 2014 were listed as follows: …

Aspen Adopts Shareholder Rights Plan; Endurance Slams ‘Poison Pill’ Defense

The 17th April of April saw a resumption of hostilities between Aspen Insurance Holdings and its would-be acquirer Endurance Specialty Holdings. The two Bermuda-based specialty insurers have fighting each other since April 14, when Endurance offered to buy Aspen for …

Aspen Rejects Endurance’s $3.2B Hostile Acquisition Bid As ‘Ill-Conceived’

Bermuda-based Endurance Specialty Holdings Ltd. today offered to buy Aspen Insurance Holdings Limited, also based in Bermuda, for $3.2 billion, or $47.50 per Aspen share, in a hostile takeover. The combined company would have more than $5 billion of combined …