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Aspen Program To Increase Efficiency, Savings

Aspen Program To Increase Efficiency, Savings

Aspen Insurance announced a “comprehensive program to drive greater effectiveness and efficiency across the Company and enhance its market position.” Chris O’Kane, Chief Executive Officer, said, “Through actions that optimize work processes and increase operational efficiency, the program is expected to deliver cumulative total expense... Read more of this article

Aspen Reports 2017 Q3 Net Loss: $253.8M

Aspen Reports 2017 Q3 Net Loss: $253.8M

In a filing with the Bermuda Stock Exchange, Aspen Insurance Holdings Reported Results for the Third Quarter and Nine Months Ended September 30, 2017. The full filing stated: “Aspen Insurance Holdings Limited reported today a net loss after tax of $[253.8] million, or $[4.48] per diluted ordinary share, and an operating loss after tax of... 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 November 28, 2017 to the holders of record as of the close of business on November 10, 2017. Aspen’s Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating... Read more of this article

Aspen Initial Hurricane Loss Estimate: $310M

Aspen Initial Hurricane Loss Estimate: $310M

Bermuda-based Aspen Insurance Holdings Limited announced a preliminary estimate of approximately $310 million in pre-tax losses, net of reinsurance and reinstatement premiums, related to Hurricanes Harvey, Irma and Maria. Approximately $110 million of these losses are from Hurricane Harvey, $135 million from Hurricane Irma and $65 million from Hurricane... Read more of this article

Aspen Dividends: Ordinary, Preference Shares

Aspen Dividends: Ordinary, Preference Shares

Aspen Insurance Holdings Limited declared a quarterly cash dividend on Aspen’s ordinary shares of $0.24 per ordinary share. The dividend is payable on August 29, 2017 to the holders of record as of the close of business on August 14, 2017. Aspen’s Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative... Read more of this article

Aspen Staff Help Clean Up At Paget Island

Aspen Staff Help Clean Up At Paget Island

The Minister of Social Development and Sports, Nandi Outerbridge, today [June 5] extended her appreciation to Aspen Bermuda Limited for participating in a company-sponsored cleanup day at Paget Island on May 31, 2017. The cleanup was a part of the Fort Cunningham Restoration Project spearheaded by the Mirrors Programme as a part of their 10th year celebration... Read more of this article

Aspen Reports 2017 Q1 Net Income: $96.5M

Aspen Reports 2017 Q1 Net Income: $96.5M

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $96.5 million, or $1.36 per diluted ordinary share, and operating income after tax of $59.8 million, or $0.79 per diluted ordinary share, for the first quarter of 2017. Chris O’Kane, Chief Executive Officer, commented: “Aspen recorded positive underwriting contributions... Read more of this article

Aspen Estimate Impact of Ogden Rate Change

Aspen Estimate Impact of Ogden Rate Change

Aspen Insurance Holdings Limited announced the estimated financial impact of the recent U.K. Ministry of Justice decision to decrease the discount rate used to calculate lump sum awards in U.K. bodily injury cases, known as the Ogden rate. “Aspen expects to increase carried reserves for impacted lines of business by approximately $30 million,... Read more of this article

Aspen Dividends On Ordinary, Preference Shares

Aspen Dividends On Ordinary, Preference Shares

Aspen Insurance Holdings Limited has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.22 per ordinary share. The dividend is payable on March 14, 2017 to the holders of record as of the close of business on February 24, 2017. In addition, Aspen’s Board of Directors declared a dividend on its 7.250% Perpetual Non-Cumulative Preference... Read more of this article

Aspen Reinsurance Renews Silverton For 2017

Aspen Reinsurance Renews Silverton For 2017

Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited, announced that its Aspen Capital Markets division renewed Silverton Re Ltd. for 2017. Silverton Re, a Bermuda-domiciled special purpose insurer, was established in December 2013 to provide additional collateralized capacity to support Aspen Re’s global reinsurance business. Silverton... Read more of this article

AM Best Affirms Ratings Of Aspen Insurance

AM Best Affirms Ratings Of Aspen Insurance

A.M. Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” of Aspen Insurance UK Limited [AIUK] [United Kingdom], Aspen Bermuda Limited [ABL] [Bermuda], Aspen American Insurance Company [AAIC] [Dallas, TX] and Aspen Specialty Insurance Company [ASIC] [Bismarck, ND].... Read more of this article

Aspen Insurance Acquire Blue Waters Insurers

Aspen Insurance Acquire Blue Waters Insurers

Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Limited, has acquired Blue Waters Insurers, Corp. Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist Marine Managing General Agency. The company was founded in 2007 and is highly respected for its product and policy design and development services,... Read more of this article

Aspen Dividends On Ordinary, Preference Shares

Aspen Dividends On Ordinary, Preference Shares

Bermuda-based Aspen Insurance Holdings declared a quarterly cash dividend on Aspen’s ordinary shares of $0.22 per ordinary share. The dividend is payable on November 29, 2016 to the holders of record as of the close of business on November 11, 2016. Aspen’s Board of Directors also declared a dividend on its 7.401% Perpetual Non-Cumulative Preference... Read more of this article