New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 14, 2014
10:24 EDTVR, AHL, ENH, MRH, PTPAspen Insurance jumps after receiving buyout proposal
Shares of Aspen Insurance (AHL) are rising after a peer in the insurance and reinsurance industry, Endurance Specialty (ENH), offered to buy the company. WHAT'S NEW: Endurance Specialty announced that it had sent a takeover proposal to Aspen, offering to buy the company for $3.2B, or $47.50 per share. Endurance offered Aspen shareholders the right to receive, at their election, all cash, all Endurance common shares, or a combination of cash and Endurance common shares in exchange for their stake in Aspen. Endurance, which said the cash consideration to be offered will be funded from cash resources and $1.05B of newly issued common shares to investors, argues that the combined company would be a global leader in specialty insurance and reinsurance with increased scale, market presence, diversification and profit potential and over $5 billion of combined annual gross premiums written. PRICE ACTION: In early trading, Aspen climbed $6.01, or 15.27%, to $45.38 and Endurance Specialty fell 2.95% to $52.23 before shares of both companies were halted for trading around 10 am ET. Other reinsurers rose, with Montpelier Re (MRH) advancing 2.2% to $29.94, Platinum Underwriters (PTP) gaining 1% to $60, and Validus (VR) adding 0.8% to $37.59.
News For AHL;ENH;MRH;PTP;VR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 31, 2014
08:56 EDTENHGuidewire selected by Endurance Specialty Holdings for InsuranceSuite
Subscribe for More Information
October 29, 2014
16:54 EDTVRValidus reports Q3 EPS with losses 82c, consensus $1.15
Subscribe for More Information
16:52 EDTAHLAspen Insurance reports Q3 adjusted EPS $1.08, consensus $1.17
Reports diluted book value per share of $44.60 at September 30, up 9.0% from December 31, 2013. Aspen now expects to achieve an operating return on equity comfortably in excess of 10% in 2014, assuming normal loss experience. Aspen expects to achieve an operating return on equity of 11% in 2015, and to achieve an operating return on equity of between 11% and 12% in 2016.
October 27, 2014
16:05 EDTMRHMontpelier Re reports Q3 EPS 86c, consensus 89c
Fully converted book value per share of $32.27, a 2.3% increase from June 30.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use