(Re)insurer launches unsolicited bid to buy rival for $47.50 a share

A war of words has broken out after Aspen rejected fellow (re)insurer Endurance’s $3.2bn takeover bid.

Aspen said in a statement: “Endurance has shown a public disdain for Lloyd’s (of London insurance market), which is the growth engine of Aspen’s well-established international insurance business.”

Endurance chief executive John Charman said: “Despite our repeated attempts since late January to engage in confidential and friendly discussions, Aspen’s board and management have rebuffed our proposal and refused to engage with us.”

Endurance’s cash-and-stock offer of $47.50 per share represents a premium of about 21% to Aspen’s Friday close on the New York Stock Exchange.

 

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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