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News Breaks | | | | February 26, 2013 | | 19:00 EDT |  | AHL | Aspen Insurance announces $150M accelerated share repurchase program
Aspen Insurance Holdings Limited announced that it has entered into an Accelerated Share Repurchase, or ASR, agreement with Goldman, Sachs & Co. to repurchase an aggregate of $150M of Aspen's ordinary shares under an accelerated share repurchase program. From January 1 through February 26, Aspen also repurchased approximately $47M of its ordinary shares in the open market. Under the ASR agreement, Aspen will pay $150M to Goldman in exchange for Aspen's ordinary shares. Aspen expects the substantial majority of shares to be delivered on March 1. Based on Aspen's closing share price on February 26, the ASR program and the completed open market share repurchases from January 1, together represent approximately 8% of the company's current total market capitalization. Aspen will have approximately $335M remaining under its current $500M share repurchase program authorized by the board and announced on February 7. The ordinary shares will be retired once repurchased. | |
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| May 20, 2013 | | 07:44 EDT |  | AHL | Credit Suisse to hold a field trip
Reinsurance Field Trip travels throughout Bermuda on May 19-21. | | | May 9, 2013 | | 09:13 EDT | | AHL | Aspen Insurance management to meet with Deutsche Bank
Meeting to be held in New York on May 9 hosted by Deutsche Bank. | |
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