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Aspen highlights clash of cultures as it battles Endurance

Aspen has come back fighting following unsolicited overtures from Endurance to acquire the company, arguing that its collaborative teamwork-oriented culture is not compatible with Endurance’s centralised, top-down management model. 22 April 2014

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Endurance accuses Aspen of poison pill tactics

In their ongoing M&A battle, Endurance has accused Aspen’s board of pursuing poison pill tactics in order to fend off Endurance’s overtures. 22 April 2014

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Endurance appoints global property insurance lead

Bermuda-based Endurance has appointed Richard Housley as executive vice president and global property insurance lead. 22 April 2014

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Poison pill tactics risk destroying value

Companies resisting overtures through the pursuit of poison pill provisions risk destroying value in the company, while exposing themselves to potential shareholder action. 22 April 2014

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EY names Cangany Bermuda senior partner

EY has named Pete Cangany as senior partner for its Bermuda operations. He will lead the firm’s insurance operations on the Island. 17 April 2014

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ABIR members demonstrated ‘earnings power’ in 2013

Members of the ABIR wrote more business, built their capital positions and were increasingly profitable in 2013, a report by the association has found. 17 April 2014

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Florida’s stance on flood insurance may spell opportunity

Florida Insurance Commissioner Kevin McCarty has stated that Floridians should prepare for the 2014 hurricane season by enhancing their coverage to include flood insurance, creating potential opportunities for the market. 17 April 2014

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PR and talent retention key to M&A execution

Re/insurers pursuing M&A need to pay close attention to the presentation and thinking behind strategic acquisitions, while looking to retain talent and reassure key stakeholders. 17 April 2014

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Argo appoints new chief human resources officer

Argo has appointed Kurt Alia as senior vice president and chief human resources officer. Alia will report to Argo CEO, Mark Watson. 16 April 2014

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Brindle retires; Mahoney to take helm at Lancashire

Lancashire’s founder, Richard Brindle is to retire and will be replaced as CEO by Alex Maloney from the end of April. 16 April 2014

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