Key Developments: Aspen Insurance Holdings Ltd (AHL)
37.05USD
23 May 2013
$0.03 (+0.08%)
$37.02
$36.81
$37.09
$36.62
851,237
597,898
$39.24
$27.41
Latest Key Developments (Source: Significant Developments)
Aspen Insurance Holdings Ltd Prices Public Offering Of $275 Million Of Perpetual Non-cumulative Preference Shares
Aspen Insurance Holdings Ltd announced that it has priced an underwritten public offering of 11,000,000 shares of 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares (the Preference Shares). The Preference Shares have a liquidation preference of $25 per share (or $275,000,000 in aggregate liquidation preference). Aspen intends to use the net proceeds from the offering for settling the cash portion of the mandatory conversion of its 5.625% Perpetual PIERS and the remainder for general corporate purposes, including supporting its insurance and reinsurance activities through its operating subsidiaries. The offering was led by Barclays Capital Inc., Citigroup Global Markets Inc. and Goldman, Sachs & Co. as joint book-running managers. Full Article
Aspen Insurance Holdings Ltd Announces 5.9% Increase To Dividend On Ordinary Shares
Aspen Insurance Holdings Ltd announced that the Board of Directors has declared a quarterly cash dividend on Aspen's ordinary shares of $0.18 per ordinary share. The amount payable has been increased by 5.9% from Aspen's previous quarterly dividend of $0.17 per ordinary share. The dividend is payable on May 28, 2013 to the holders of record as of the close of trading on May 10, 2013. Full Article
Aspen Insurance Holdings Ltd Declares Dividends On Perpetual Preference Shares
Aspen Insurance Holdings Ltd announced that it has declared a cash dividend on the 7.401% Perpetual Non-Cumulative Preference Shares (the 7.401% Perpetual Preference Shares) of $0.462563 per 7.401% Perpetual Preference Share. The dividend is payable on July 1, 2013 to the holders of record as of the close of business on June 15, 2013. Aspen`s Board of Directors also declared a dividend on the 7.250% Perpetual Non-Cumulative Preference Shares (the "7.250% Perpetual Preference Shares") of $0.4531 per 7.250% Perpetual Preference Share. The dividend is payable on July 1, 2013 to the holders of record as of the close of business on June 15, 2013. Full Article
Aspen Insurance Holdings Ltd's Aspen Reinsurance Announces Formation Of New Division
Aspen Reinsurance (Aspen Re), the reinsurance segment of Aspen Insurance Holdings Ltd announced the formation of a new division, Aspen Capital Markets, with Brian Tobben appointed Managing Director of the newly created unit. Full Article
Aspen Insurance Holdings Ltd Announces $150 million Accelerated Share Repurchase Program
Aspen Insurance Holdings Ltd announced that it has entered into an Accelerated Share Repurchase (ASR) agreement with Goldman, Sachs & Co. (Goldman) to repurchase an aggregate of $150 million of Aspen's ordinary shares under an accelerated share repurchase program. From January 1 through February 26, 2013, Aspen also repurchased approximately $47 million of its ordinary shares in the open market. Under the ASR agreement, Aspen will pay $150 million to Goldman in exchange for Aspen's ordinary shares. Aspen expects the substantial majority of shares to be delivered on March 1, 2013. The total number of shares ultimately repurchased under the agreement will be determined based on a discount to the average daily volume-weighted average price of Aspen's ordinary shares during the ASR period. At settlement, Goldman may be obligated to deliver additional shares to Aspen, or Aspen may be obligated to make a delivery of shares or a payment of cash to Goldman, at Aspen's election. Aspen anticipates that all repurchases under the ASR will be completed no later than October 3, 2013. Full Article
Aspen Insurance Holdings Ltd Declares Dividends On Ordinary Shares, Perpetual PIERS And Perpetual Preference Shares
Aspen Insurance Holdings Ltd announced that it has declared a quarterly cash dividend on Aspen`s ordinary shares of $0.17 per ordinary share.The dividend is payable on March 7, 2013 to the holders of record as of the close of trading on February 21, 2013.Aspen`s Board of Directors also declared a cash dividend on its 5.625% Perpetual Preferred Income Equity Replacement Securities ("Perpetual PIERS") of $0.703125 per Perpetual PIERS. The dividend is payable on April 1, 2013 to the holders of record as of the close of business on March 15, 2013. In addition, Aspen`s Board of Directors declared a dividend on the 7.401% Perpetual Non-Cumulative Preference Shares (the "7.401% Perpetual Preference Shares") of $0.462563 per 7.401% Perpetual Preference Share. The dividend is payable on April 1, 2013 to the holders of record as of the close of business on March 15, 2013. Aspen`s Board of Directors also declared a dividend on the 7.250% Perpetual Non-Cumulative Preference Shares (the 7.250% Perpetual Preference Shares) of $0.4531 per 7.250% Perpetual Preference Share. The dividend is payable on April 1, 2013 to the holders of record as of the close of business on March 15, 2013. Full Article
Aspen Insurance Holdings Ltd Declares Dividends On Ordinary Shares, Perpetual PIERS And Perpetual Preference Shares
Aspen Insurance Holdings Ltd announced that it has declared a quarterly cash dividend on Aspen's ordinary shares of $0.17 per ordinary share. The dividend is payable on November 26, 2012 to the holders of record as of the close of trading on November 8, 2012. The Company's Board of Directors also declared a cash dividend on its 5.625% Perpetual Preferred Income Equity Replacement Securities (Perpetual PIERS) of $0.703125 per Perpetual PIERS. The dividend is payable on January 1, 2013 to the holders of record as of the close of business on December 15, 2012. In addition, Aspen's Board of Directors declared a dividend on the 7.401% Perpetual Non-Cumulative Preference Shares (the 7.401% Perpetual Preference Shares) of $0.462563 per 7.401% Perpetual Preference Share. The dividend is payable on January 1, 2013 to the holders of record as of the close of business on December 15, 2012. Further, Aspen's Board of Directors declared a dividend on the 7.250% Perpetual Non-Cumulative Preference Shares ("the 7.250% Perpetual Preference Shares") of $0.4531 per 7.250% Perpetual Preference Share. The dividend is payable on January 1, 2013 to the holders of record as of the close of business on December 15, 2012. Full Article
Aspen Insurance Holdings Ltd Appoints Chief Financial Officer
Aspen Insurance Holdings Ltd announced that John Worth has been appointed as Group Chief Financial Officer of the company, effective November 1, 2012. He will be based in London, reporting directly to Chris O’Kane, Aspen’s Chief Executive Officer, and join Aspen’s Group Executive Committee. John Worth succeeds Julian Cusack, interim Aspen Group Chief Financial Officer, who will resume his role as Chief Risk Officer of Aspen. Stephen Postlewhite, who was serving as Acting Group Chief Risk Officer, will similarly resume his previous role as Head of Risk. Full Article
Aspen Insurance Holdings Limited Declares Dividends On Ordinary Shares, Perpetual PIERS And Perpetual Preference Shares
Aspen Insurance Holdings Limited announced that it has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.17 per ordinary share. The dividend is payable on August 28, 2012 to the holders of record as of the close of trading on August 10, 2012. Aspen’s Board of Directors also declared a cash dividend on its 5.625% Perpetual Preferred Income Equity Replacement Securities (Perpetual PIERS) of $0.703125 per Perpetual PIERS. The dividend is payable on October 1, 2012 to the holders of record as of the close of business on September 15, 2012. In addition, Aspen’s Board of Directors declared a dividend on the 7.401% Perpetual Non-Cumulative Preference Shares (the 7.401% Perpetual Preference Shares) of $0.462563 per 7.401% Perpetual Preference Share. The dividend is payable on October 1, 2012 to the holders of record as of the close of business on September 15, 2012. Further, Aspen’s Board of Directors declared a dividend on the 7.250% Perpetual Non-Cumulative Preference Shares (the 7.250% Perpetual Preference Shares) of $0.4531 per 7.250% Perpetual Preference Share. The dividend is payable on October 1, 2012 to the holders of record as of the close of business on September 15, 2012. Full Article
Aspen Insurance Holdings Limited Increases Dividend on Ordinary Shares, And Declares Dividend On Perpetual PIERS And Perpetual Preference Shares
Aspen Insurance Holdings Limited announced that the Board of Directors has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.17 per ordinary share. The amount payable has been increased by 13% from Aspen’s previous quarterly cash dividend of $0.15 per ordinary share. The dividend is payable on May 25, 2012 to the holders of record as of the close of trading on May 10, 2012. The Board of Directors also declared a cash dividend on its Perpetual Preferred Income Equity Replacement Securities (“Perpetual PIERS”) of $0.703125 per Perpetual PIERS. The dividend is payable on July 1, 2012 to the holders of record as of the close of business on June 15, 2012. In addition, Aspen’s Board of Directors declared a dividend on the 7.401% Perpetual Non-Cumulative Preference Shares (“the 7.401% Perpetual Preference Shares”) of $0.462563 per 7.401% Perpetual Preference Share. The dividend is payable on July 1, 2012 to the holders of record as of the close of business on June 15, 2012. Aspen’s Board of Directors declared a dividend on the 7.250% Perpetual Non-Cumulative Preference Shares ('the 7.250% Perpetual Preference Shares') of $0.4028 per 7.250% Perpetual Preference Share. The dividend is payable on July 1, 2012 to the holders of record as of the close of business on June 15, 2012. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
