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Stock Market & Financial Investment News

News Breaks
July 11, 2014
18:05 EDTAHL, ENHProxy firm ISS, Egan-Jones reject both Endurance Specialty proposals
Aspen Insurance Holdings (AHL) noted that leading proxy advisory firms Institutional Shareholder Services and Egan-Jones Proxy Services recommend that Aspen shareholders REJECT both proposals made by Endurance Specialty (ENH) and REVOKE any authorizations submitted on such proposals by executing and returning Aspen’s BLUE revocation card. Chris O’Kane, Aspen’s CEO, said, “We are pleased that ISS and Egan-Jones agree with our position and are recommending that Aspen shareholders reject both of Endurance’s proposals. Rather than offering real value, Endurance is pursuing coercive legal tactics in an effort to buy Aspen at the lowest possible price. We urge shareholders to reject both of Endurance’s proposals.” In its recommendation, ISS noted that the proposals would cause unnecessary costs for Aspen shareholders, and Endurance shareholders, without providing equivalent benefit to Aspen shareholders. Aspen’s Board of Directors urges shareholders to REJECT both of Endurance’s proposals by promptly signing, dating and returning Aspen’s BLUE revocation card and disregarding Endurance’s white authorization card.
News For ENH;AHL From The Last 14 Days
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February 4, 2016
16:43 EDTAHLAspen Insurance reports Q4 EPS $1.21, consensus $1.29
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February 3, 2016
16:28 EDTENHEndurance Specialty reports Q4 EPS $1.36, consensus $1.40
Reports gross premiums written of $515.6M, an increase of 22.5% compared to the same period in 2014; Net premiums written of $289.7M, an increase of 23.8% compared to the same period in 2014; Combined ratio of 76.2% compared to 83.2% for the same period in 2014.

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