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Endurance urged to pursue merger
23 February 2010
Endurance Specialty Holdings has been urged to find a merger partner by its largest shareholder, as the reinsurers’ Bermuda-based rivals look to consolidate.
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Endurance Specialty Holdings
merger
filing
Perry Corporation
David Cash
Endurance Specialty Holdings has been urged to find a merger partner by its largest shareholder, as the reinsurers’ Bermuda-based rivals look to consolidate.
Hedge fund Perry Corporation, which owns 12% of Endurance, made the suggestion in a US Securities Exchange Commission filing late yesterday.
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