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Stock Market & Financial Investment News

News Breaks
July 16, 2014
08:33 EDTENH, AHLGlass Lewis recommends Aspen Insurance shareholders reject Endurance proposals
Aspen Insurance Holdings Limited (AHL) noted that Glass, Lewis & Co has recommended that Aspen shareholders REJECT both proposals made by Endurance Specialty Holdings Ltd. (ENH) and REVOKE any authorizations submitted on such proposals by executing and returning Aspen’s BLUE revocation card. Glass Lewis said "In our view, given that the Aspen board appears to have acted in good faith with Endurance, the Aspen board considered Endurance's proposals on multiple occasions and formed a reasonable basis to reject such proposals and the Company continues to report solid performance on a stand-alone basis, shareholder authorization of an attempt to override the board's conclusions by seeking a court-ordered special meeting is not warranted.” The report concluded that: “…we believe Endurance has failed to make a compelling case for Aspen shareholders to support the proposed authorizations.”
News For AHL;ENH From The Last 14 Days
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April 27, 2015
16:10 EDTENHEndurance Specialty appoints James Engel as Chief Claims Officer
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April 22, 2015
16:30 EDTAHLAspen Insurance reports Q1 EPS $1.87, consensus $1.38
Gross written premiums increased by 7.4% to $919.2M. Reports diluted book value per share of $46.02 at March 31, up 2.0% from December 31, 2014. Aspen continues to expect to achieve an operating return on equity of 11% in 2015.
11:07 EDTAHLAspen Insurance raises dividend to 21c from 20c per share
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