Endurance Specialty Holdings News

Aspen Shareholders Should Reject Endurance Plan: Proxy Adviser Glass Lewis

Aspen Insurance Holdings Ltd. investors should reject plans from hostile bidder Endurance Specialty Holdings Ltd. to expand their company’s board, proxy adviser Glass Lewis & Co. said in a report. “Endurance has failed to make a compelling case for Aspen …

Aspen Shareholders Should Rebuff Endurance Board Plan, ISS Says

Aspen Insurance Holdings Ltd. investors should rebuff a plan from hostile bidder Endurance Specialty Holdings Ltd. to shake up their company’s board, ISS Proxy Advisory Services said. Supporting Endurance’s proposal “would incur costs without allowing shareholders any additional leverage not …

Maritzen to Head New Endurance U.S. Commercial Property Operation

Bermuda-based Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as Executive Vice President and Head of Commercial Property within its U.S. Insurance operation. He has nearly twenty years of experience in the insurance industry in both …

Aspen to Formally Present Endurance ‘Highly Unappealing’ Exchange Offer

Bermuda-based Aspen Insurance Holdings Limited has confirmed that Endurance Specialty Holdings Ltd. has commenced an unsolicited exchange offer to acquire all outstanding shares of Aspen for a combination of common stock and cash. The bulletin noted that “On June 2, …

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 …

Best Affirms Endurance Specialty and Subs Ratings; Outlooks Stable

A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Endurance Specialty Insurance Ltd. and its affiliates, as well as the ICR of “bbb” and debt ratings of their …

Endurance Appoints Housley as Global Property Insurance Leader

Bermuda-based Endurance Specialty Holdings has announced that Richard Housley has joined the company this week as Executive Vice President and Global Practice Leader for Property Insurance. He has extensive experience in property insurance markets where he has held various underwriting …

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 …