Aspen

The ratings agency maintains a negative outlook on the (re)insurer following its $2.6bn takeover agreement with Apollo.

S&P has affirmed the financial strength rating on the carrier’s core subs but is maintaining a negative outlook.

The popular BBC motoring programme Top Gear’s special editions see a trio of presenters embark to often inhospitable parts of the globe to complete audacious competitive challenges in budget cars.

Shareholders are likely to support the sale, and the possibility of a challenger bid seems remote.

The share price increased just over 2 percent in New York trading today following news of the $2.6bn deal.

The ceiling is just $10mn more than Aspen’s Q3 cat losses

The deal concludes a six-month auction process at the Chris O'Kane-led carrier.

All-cash offer values business at a double-digit premium to current share price

The Bermudian (re)insurer's shares jump 5 percent in early New York trading.

The target's board is pushing the financial investor to lift a bid worth over $40 per share.

Scott Kirk will receive the payout if he stays employed with the firm until 2020.

The intermediary noted that it was the third-highest sum for a second quarter.