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Aspen comments on withdrawal of Endurance unsolicited offer and shareholder proposals

30th July

Aspen today issued the following statement in response to the announcement by Endurance that it is withdrawing its unsolicited offer to acquire Aspen and abandoning its proposals related to calling a special meeting of Aspen shareholders and petitioning the Supreme Court of Bermuda for an involuntary scheme of arrangement:

Chris O’Kane, Aspen’s Chief Executive Officer, said, “We thank our shareholders for their input, our valued customers and brokers for their loyalty and business, and especially thank our employees for their hard work, focus and ongoing dedication to the highest levels of service in our industry.  We remain intensely focused on the continued successful execution of our strategic plan, building value for our shareholders and serving our customers.”