Opinion: The road not taken

Aspen looks very vulnerable right now to an aggressor.
The business has just put a quarter in the books with a 3.9
percent operating return on equity (RoE) and a break-even
underwriting result in a relatively benign quarter for cats.
Aspen trailed in at half of the consensus estimate for earnings
as every other Bermudian beat expectations, and its RoE was less
than half the peer average.
It is the smallest of the Bermudians by a distance with a market...