Aspen says Endurance's offer 'undervalues' company
Bermuda-based insurer Aspen's board of directors has rejected an unsolicited takeover proposal from Endurance Specialty Holdings.
Endurance proposed to acquire Aspen for $47.50 per share, 60% in Endurance common stock and 40% in cash.
Aspen made its decision after having assistance from its financial and legal advisors, and
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Lloyd’s/London
Blueprint Two build on track for Q1 completion
Lloyd’s deputy chief financial officer Alexandra Cliff has said the technology build for the market’s Blueprint Two modernisation programme is set to complete by the end of Q1.
Throwback Thursday: Lloyd’s IT update & General Accident’s anniversary
Insurance Post’s Throwback Thursday steps back in time to January 1985 to remind you what was going on this week in insurance history when Lloyd’s introduced a new computer system and General Accident celebrated its 100th birthday.
Aventum Group pledges $12m to bring tech entirely in-house
Aventum is committing a $12m (£9.8m) investment in technology over two years to create a proprietary tech function entirely inhouse across all global operations.
Cyber market under pressure to pass on know-how to the next generation
The cyber insurance market needs to expedite the passing on of know-how from experienced staff to new recruits, Markel’s head of cyber has said.
Big Interview: Aki Hussain, Hiscox
Aki Hussain, CEO of Hiscox Group, explains how he has accelerated the kind of innovation and created the type of culture that is essential to keeping the international insurance group in pole position in the market.
What will Neal’s legacy at Lloyd’s be, and who might replace him?
Briefing: Despite successes in other areas, could the fate of Blueprint Two – whether delivered by him, his successor, or not at all – make or break John Neal’s Lloyd’s legacy?
Penny Black’s Social Diary: Lloyd’s Greggs spread and Hiscox motion
Penny Black is back, sharing the tittle-tattle she overheard at insurance industry events, reviewing the quality of buffets at conferences and giving a thumbs up – or down – to the sector’s social media posts.
Lloyd’s CEO Neal to step down and join Aon this year
Lloyd’s CEO John Neal will step down this year to join Aon as its global CEO of reinsurance and global chairman of climate solutions.