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News
Aspen’s board of directors has issued another letter to its shareholders in opposition to Endurance's solicitation of authorizations, urging them to reject both of Endurance's proposals. 22 July 2014
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The Association of Bermuda Insurers and Reinsurers has released its Ninth Annual Bermuda Economic Impact Survey results, and the data shows that ABIR members’ directly contributed $886.8 million dollars to the Bermuda economy. 22 July 2014
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Aspen’s investors seem to believe that Endurance will not succeed in its bid to buy the company, analysts at Deutsche Bank have said in a research note. 21 July 2014
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Athene Holdings, the parent company of Bermuda life reinsurer Athene Life Re, has appointed Brenda Cushing as chief financial officer. 21 July 2014
News
Insured losses from Hurricane Arthur will not surpass $250 million from coastal and wind flooding, according to catastrophe risk management firm RMS. 21 July 2014
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A better than 50 percent chance remains that Endurance will succeed in acquiring Aspen, according to analysts at Keefe, Bruyette & Woods (KBW), who made that conclusion after spending two days with senior executives from Endurance. 21 July 2014
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Negative views regarding Endurance’s overtures keep on coming, this time from Deutsche Bank. The bank has argued that the re/insurers M&A tactics are unlikely to convince Aspen shareholders to support the acquisition. 18 July 2014
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Leading insurance IT specialists, Sequel have appointed Rob Stavrou as sales and marketing director. 18 July 2014
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Markel has announced the appointment of Thomas Smith to the position of chief marketing officer, a newly created role at the company. 18 July 2014
News
The Terrorism Risk Insurance Act (TRIA), the federal terrorism risk insurance programme, has been re-authorised by the US Senate in a momentous move that insurers have welcomed. 18 July 2014
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