It's been a number of months since the beginning of the attempted acquisition of Aspen Insurance (NYSE:AHL) by Endurance Specialty Holdings (NYSE:ENH). I have been investing in both companies for over 5 years, although I used the price run-up in AHL as a chance to liquidate my holdings. Subsequently I have been selling out-of-the-money naked puts on both companies in order to re-acquire shares at a lower price. Below, I will elaborate on where the valuations of each company currently stand. I previously wrote about the takeover attempt shortly after it was announced here (for SA Pro readers), and I have written more generally about investing in reinsurance companies using put options here.
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