M&A
Endurance Unveils Exchange Offer for Aspen’s Outstanding Shares
Endurance Specialty Holdings Ltd. - bound and determined to acquire Aspen Insurance Holdings Ltd. – launched an exchange offer for all outstanding shares of its Bermuda reinsurance rival, dogged ...
Reinsurers Are Ripe For M&A: Nomura
The reinsurance market is ripe for consolidation because the sector continues to soften, with alternative capacity in at least one area set to double over the next few years, a Nomura Equity Research ...
Endurance CEO Charman Miffed at Aspen’s M&A Rebuffs
During an Endurance Specialty Holdings Ltd. investor call on June 2, one thing became perfectly clear. John Charman, the company's chairman and CEO, is miffed at the board and executive leadership of ...
Endurance Ups Its Bid For An Unimpressed Aspen
Endurance Specialty Holdings Ltd. promised it wouldn't give up on a merger with Aspen Insurance Holdings Ltd., and so it is trying again with a higher bid. The Bermuda specialty insurance and ...
Sunshine State Insurance Co.’s Fate Unclear After M&A Deal Collapses
The future of Florida's Sunshine State Insurance Co. (SSIC) is unclear now that a deal by another insurer to rescue it has fallen through. United Insurance Holdings Corp. (UPC Insurance Co.) ...
Tower Group Hires Greenhill to Advise on Debt Repayment If Merger Deal Fails
Tower Group International Ltd., the insurer that agreed to be bought by ACP Re Ltd. amid a stock plunge, hired Greenhill & Co. to provide advice on repaying debt if the takeover collapses. Tower ...
Aspen, Still in Endurance’s Sights, Touts Growth and Investor Value
Aspen Insurance Holdings continues as Endurance Specialty Holdings' hotly coveted takeover target. In the meantime, the Bermuda reinsurance and insurance player made its case to investors that it is ...
United Insurance Seeks Better Spread in Florida by Acquiring Sunshine State Insurance
United Insurance Holdings Corp. (UPC) announced Thursday that the company has entered into a non-binding letter of intent to acquire 100 percent of Sunshine State Insurance Company (SSIC), a Florida ...