Markets
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 ...
QBE Confirms Strategic Review of U.S. Mid-Market Biz
QBE confirmed Monday that it is undertaking a strategic review of its U.S.-based middle market business. As Carrier Management reported in February, QBE Chief Executive Officer John Neal previously ...
Life Without TRIA: Zurich, ACE Execs Debate Terror Coverage Strategies
Two weeks before the Senate introduced legislation to extend the federal terror insurance backstop, carrier executives revealed opposing plans for offering coverage to customers exposed to terror ...
ACE Limited P/C Subs in North America Now Rated A++: A.M. Best
On Friday, A.M. Best announced that the rating agency upgraded the financial strength rating (FSR) of the North American property/casualty subsidiaries of ACE Limited to "A++" from "A+," also raising ...
Cyclone Ita Update: Ports Reopen, Power Resumed
Queensland remained on alert for flash floods and destructive winds Sunday as Tropical Cyclone Ita hugged the northern coast of Australia's second-largest state. Gales with gusts of up to 110 ...
UN Report: Renewables, Nuclear Energy Must Triple to Save Climate
The world needs to triple the energy it gets from renewables, nuclear reactors and power plants that use emissions-capture technology to avoid dangerous levels of global warming, United Nations ...