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Aspen Declares Dividends on Preference Shares

Aspen Declares Dividends on Preference Shares

The Board of Directors of Aspen Insurance Holdings Limited has declared a dividend on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share  of $0.3719 per 5.95% Preference Share. The dividend is payable on January 1, 2019 to the holders of record as of the close of business on December... Read more of this article

Appleby Acts For Aspen In $2.6B Sale Process

Appleby Acts For Aspen In $2.6B Sale Process

Appleby Bermuda said they “acted for Aspen Insurance Holdings Limited during a competitive sale process [valued at c. $2.6 billion] which was won by private equity firm Apollo Global Management LLC.” “The team was led by Partner Alan Bossin with assistance from Partner Matt Ebbs-Brewer and Associate Josephine Noddings. It is forecast... Read more of this article

Apollo To Acquire Aspen Insurance For $2.6B

Apollo To Acquire Aspen Insurance For $2.6B

Aspen Insurance Holdings announced today [Aug 28] that they have “entered into a definitive agreement under which Aspen will be acquired by the Apollo Funds.” Under the terms of the agreement, which has been approved by Aspen’s Board of Directors, the Apollo Funds will acquire all of the outstanding shares of Aspen for $42.75 per share... Read more of this article

Aspen Appoints Issavi To Lead Its Reinsurance

Aspen Appoints Issavi To Lead Its Reinsurance

Aspen Insurance Holdings Limited announced that Emil Issavi, President and Chief Underwriting Officer of Aspen Re, has been appointed to lead its reinsurance business with immediate effect. Mr. Issavi succeeds Thomas Lillelund who is leaving Aspen to take a senior leadership position with a global P&C insurance company. Mr. Lillelund is expected... Read more of this article

Aspen Reports 2018 Second Quarter Results

Aspen Reports 2018 Second Quarter Results

Aspen Insurance Holdings Limited reported a net loss after tax of $[14.7] million, or $[0.38] per diluted ordinary share, and operating income after tax of $56.3 million, or $0.80 per diluted ordinary share, for the second quarter of 2018. Chris O’Kane, Chief Executive Officer, commented: “Aspen’s second quarter results demonstrate ongoing execution... Read more of this article

Aspen Dividends On Ordinary, Preference Shares

Aspen Dividends On Ordinary, Preference Shares

The Board of Directors of Aspen Insurance Holdings Limited has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.24 per ordinary share. The dividend is payable on September 4, 2018 to the holders of record as of the close of business on August 17, 2018. Aspen’s Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating... Read more of this article

Aspen Seeks Approval For New Irish Subsidiary

Aspen Seeks Approval For New Irish Subsidiary

Aspen Insurance Holdings has submitted an application to the Central Bank of Ireland for authorization of a new insurance subsidiary in Dublin, Republic of Ireland, saying that the new Irish subsidiary – Aspen Insurance Ireland DAC – will “ensure that Aspen can continue serving partners and clients in the European Economic Area following”... Read more of this article

Aspen Dividends On Ordinary, Preference Shares

Aspen Dividends On Ordinary, Preference Shares

The Board of Directors of Aspen Insurance Holdings Limited has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.24 per ordinary share. The dividend is payable on June 5, 2018 to the holders of record as of the close of business on May 18, 2018. Aspen’s Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating... Read more of this article

Aspen Dividends On Ordinary, Preference Shares

Aspen Dividends On Ordinary, Preference Shares

The Board of Directors of Aspen Insurance Holdings Limited has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.24 per ordinary share. The dividend is payable on March 13, 2018 to the holders of record as of the close of business on February 23, 2018. Aspen’s Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating... Read more of this article

Aspen Estimate $135M Preliminary Pre-Tax Loss

Aspen Estimate $135M Preliminary Pre-Tax Loss

Bermuda-based Aspen Insurance Holdings Limited announced a preliminary estimate of approximately $135 million in pre-tax losses, net of reinsurance and reinstatement premiums, related to wildfires in California in the fourth quarter of 2017. The estimated losses are predominantly attributed to Aspen’s Reinsurance segment. Aspen expects to record... Read more of this article

David Cohen To Lead Aspen Insurance Segment

David Cohen To Lead Aspen Insurance Segment

In a filing with the Bermuda Stock Exchange [BSX], Aspen Insurance Holdings Limited announced today that David Cohen, President and Chief Underwriting Officer of Aspen Insurance, will lead the day-to-day management of the Insurance business, reporting to Group Chief Executive Officer, Chris O’Kane.” Chris O’Kane said: “David joined Aspen in... Read more of this article

Aspen & CGB Form ‘Strategic Partnership’

Aspen & CGB Form ‘Strategic Partnership’

Aspen Insurance Holdings Limited announced a strategic partnership with CGB Diversified Services, Inc. [CGB DS]. Under the terms of this partnership, Aspen has acquired a 23.2% stake in a newly formed company, Crop Re Services LLC [Crop Re], which is responsible for directing the placement of reinsurance on behalf of CGB DS. The remaining 76.8% of Crop... Read more of this article

Aspen Appoints David Schick As Group COO

Aspen Appoints David Schick As Group COO

Bermuda-based Aspen Insurance Holdings Limited announced that David Schick has been appointed Group Chief Operating Officer. Mr Schick joins Aspen from Maybank where he was Executive Vice President, Group Strategy and Transformation and Director of Strategic Operational Excellence. At Maybank, he was responsible for driving effectiveness and efficiency... Read more of this article