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Stock Market & Financial Investment News

News Breaks
December 3, 2012
04:55 EDTENH, ENH, ACGL, ACGL, ALTE, ALTE, PTP, PTP, AHL, AHL, MRH, MRHSterne Agee to host a field trip
Insurance Field Trip travels to Bermuda to visit with various companies on December 3-4.
News For ENH;ACGL;ALTE;PTP;AHL;MRH From The Last 14 Days
Check below for free stories on ENH;ACGL;ALTE;PTP;AHL;MRH the last two weeks.
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April 16, 2014
16:02 EDTPTPPlatinum Underwriters reports Q1 EPS $2.27, consensus $1.28
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April 14, 2014
16:11 EDTENH, AHLBarclays upgrades Aspen Insurance, sees start of reinsurance consolidation cycle
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15:48 EDTAHLAspen Insurance upgraded to Equalweight from Underweight at Barclays
14:20 EDTENH, AHLEndurance Chairman says willing to invest $25M of own funds in Aspen transaction
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14:18 EDTENH, AHLEndurance Specialty expects Aspen holders to recognize value of proposed deal
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12:26 EDTENH, AHLOn The Fly: Midday Wrap
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12:00 EDTAHLAspen Insurance rises 11.3%
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10:41 EDTENH, AHLAspen rejects offer from Endurance, sees no purpose in meeting
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10:24 EDTPTP, ENH, AHL, MRHAspen 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.
10:07 EDTAHLAspen Insurance trading halted, pending news
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10:07 EDTENHEndurance Specialty trading halted, pending news
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10:00 EDTAHLAspen Insurance rises 15.1%
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09:00 EDTAHLAspen Insurance rises 21.4%
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08:38 EDTAHL, ENHEndurance Specialty offers to buy Aspen Insurance for $3.2B, or $47.50 per share
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08:34 EDTENH, AHLEndurance Specialty proposes to acquire Aspen Insurance for $47.50 per share

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