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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

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