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 shareholders to support the proposed authorizations” to shake up the board, Glass Lewis wrote. It cited the “cost and distraction” of holding a special meeting. Glass Lewis said it isn’t commenting on the merits of the takeover.
ISS Proxy Advisory Services made similar voting recommendations to Aspen shareholders on July 11.
Copyright 2026 Bloomberg.
Was this article valuable?
Here are more articles you may enjoy.
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
Tennessee Approves Smallest Drop in Workers’ Compensation Costs in Years 
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut 
Bessent Says Hormuz Ships Insurance Program to Start Soon 
