Boardroom Agenda
Round 3: Endurance Says Aspen Offers Shareholders ‘Red Herrings’ Instead of Value With Bid Response
In the third volley of a contest between two Bermuda specialty companies on Monday, Endurance said that Aspen's rejection of a bid to buy the company for $3.2 billion ignores the best interests of ...
Aspen Board Unanimously Rejects Endurance’s $3.2B Hostile Bid
Aspen Insurance Holdings announced Monday that its board of directors has unanimously rejected a $3.2 billion takeover bid from Endurance Specialty Holdings announced hours earlier, calling the ...
Endurance Specialty Offers $3.2B to Acquire Aspen; Deal Would Create $5B Company
Endurance Specialty Holdings Ltd. announced Monday that it has delivered a proposal to the board of directors of Aspen Insurance Holdings Ltd. to acquire all of the common shares of Aspen for $3.2 ...AIG’s Miller Notes Progress As Reorganization Continues
American International Group Inc. must do more to win over Wall Street, even after rallying 51 percent in the past two years, Chairman Steve Miller told shareholders. AIG is seeking to reward ...
Dot-com Bust Ahead for Tech Stocks, Says Fairfax’s Watsa
Prem Watsa, head of Canadian insurer Fairfax Financial Holdings Ltd., said investors in technology companies including Twitter Inc. may soon be crying as the stock prices are unsustainable. "There's ...
CEO Perks Taking Different Forms: More Life Insurance Replacing Corporate Jets
For some executives, corporate perks are getting just a little less exciting. A number of major U.S. companies are cutting back on glamorous luxuries like personal jet use, country-club memberships, ...
Zurich Defends CFO Suicide Report Prior to Widow’s Speech to Shareholders
The widow of Zurich Insurance's late finance chief on Wednesday rejected a report into his suicide, telling the Swiss company's annual shareholder meeting she could not accept the findings of an ...
Chairman Becker Sees Bright Future for QBE; Not Quitting U.S. Programs
On his second day as chairman of QBE, Marty Becker told shareholders gathered at the group's annual meeting that a focus on "earnings stability and predictability" will guide the board in its ...