Bermuda-based reinsurer Endurance has repurchased 750,000 of its ordinary shares from TIAA-CREF, an initial private equity investor at the formation of Endurance.
The purchase price was $20.3m, or $27.06 per share. This is down 3% on the closing price for the ordinary shares on 19 August 2003. Endurance will use existing cash on hand to fund the repurchase.
"We are pleased to have met TIAA-CREF's desire for liquidity in a manner which reduced the potential for downward price pressure on our ordinary shares and allowed Endurance to utilise a small portion of its excess capital," said Ken LeStrange, the Endurance chairman and CEO.
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.
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.
