Hashtag: #AspenInsuranceHoldings
Aspen Insurance Forms New Specialist Unit
Aspen Insurance — the insurance segment of Bermuda’s Aspen Insurance Holdings Limited –today [Apr. 8] announced the formation of a specialty marine, energy and construction unit within its US Insurance business, led by Anthony S. Carroll who has been named executive vice president. The unit complements Aspen Insurance’s existing... Read more of this article
Aspen Announces Adjusted Conversion Rate
Bermuda’s Aspen Insurance Holdings Limited announced today [Apr. 4] an adjustment to the conversion rate on its 5.625 percent Perpetual Preferred Income Equity Replacement Securities [Perpetual PIERS] in connection with its previously announced dividends payable on May 25, 2012, August 28, 2012, November 26, 2012 and March 7, 2013. As a result... Read more of this article
Aspen Ltd’s Share Repurchase Agreement
Aspen Insurance Holdings Limited has entered into an Accelerated Share Repurchase [ASR] agreement with Goldman, Sachs & Co. to repurchase an aggregate of $150 million of Aspen’s ordinary shares under an accelerated share repurchase program. From January 1 through February 26, 2013, Aspen also repurchased approximately $47 million of its ordinary... Read more of this article
Aspen’s Chief Risk Officer Cusack Steps Down
Bermuda based Aspen Insurance Holdings Limited has made some directorate and management changes. Julian Cusack [pictured] is stepping down as Chief Risk Officer after over ten years with Aspen. This is effective immediately and he will also be stepping down from the Board at the Company’s Annual General Meeting on April 24, 2013. Mr Cusack is a co-founder... Read more of this article
Aspen Declares $0.17 Quarterly Dividend
Bermuda-based Aspen Insurance Holdings Limited has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.17 per ordinary share. The dividend is payable on March 7, 2013 to the holders of record as of the close of trading on February 21, 2013. Aspen’s Board of Directors also declared a cash dividend on its 5.625% Perpetual Preferred... Read more of this article
ThinkRisk, Aspen Enter Underwriting Partnership
Ryan Specialty Group’s [RSG] ThinkRisk Underwriting Agency and Aspen US Insurance have entered into a new underwriting partnership. ThinkRisk will transition its existing Converging Risk program – specialized errors and omissions insurance for media, advertising, technology, privacy and network and security risks – to Aspen in the capacity as... Read more of this article
Tom Meyer: Aspen’s Chief Underwriting Officer
Aspen’s Bermuda subsidiary, Aspen Bermuda Limited [ABL], announces the appointment of Tom Meyer as Chief Underwriting Officer. Tom Meyer joined Aspen Re’s Specialty reinsurance team in London in 2006, with responsibility for leading Marine and Terrorism reinsurance business. In his new role, Mr Meyer will report to James Few, Chief Executive... Read more of this article
Aspen Expects $175M Loss From Superstorm
Bermuda-based Aspen Insurance Holdings Limited announced an initial estimate of catastrophe losses from Superstorm Sandy. Aspen expects fourth quarter 2012 earnings to include approximately $175 million after-tax, and net of reinsurance and reinstatement premiums related to the storm. The losses from the storm are currently estimated to arise approximately... Read more of this article
Aspen: Q3 Operating Income Of $106.5M
Bermuda-based Aspen Insurance Holdings Limited have reported net income after tax of $115.1 million and diluted earnings per share of $1.45 for the third quarter of 2012. Diluted book value per share increased by 3.8% from June 30, 2012 to $41.53. Trading highlights in the quarter included low catastrophe levels, areas of pricing improvement, and net... Read more of this article
Aspen Launches Cyber Crime Protection
Aspen Risk Management Limited [ARML] is launching a new range of covers to help companies protect against the emerging risks relating to computers, data and cyber-crime in partnership with two of the leading specialists in the market. ARML in partnership with two leading specialist insurers, HSB Engineering, part of the Munich Re Group, and CFC Underwriting,... Read more of this article
Aspen Appoints John Worth As Group CFO
John Worth has been appointed as Group Chief Financial Officer of Aspen Insurance Holdings Limited, effective November 1, 2012. Mr Worth previously served as Group Financial Controller of Barclays PLC. He will be based in London, reporting directly to Chris O’Kane, Aspen’s Chief Executive Officer, and join Aspen’s Group Executive Committee. He... Read more of this article
James Few Named CEO Of Aspen Re
Bermuda-based Aspen Insurance Holdings Limited announced changes to the management of its reinsurance segment. Brian Boornazian (CEO, Aspen Re) will assume the position of Chairman of Aspen Re, while James Few (President, Aspen Re) will become CEO of Aspen Re. Emil Issavi will become CUO of Aspen Re. Brian Boornazian has been appointed as Chairman and... Read more of this article
Aspen Reports Net Income Of $84.6 Million
Bermuda-based Aspen Insurance Holdings Limited reports net income after tax of $84.6 million, or $1.03 per diluted share, for the second quarter of 2012 with an increase in diluted book value per share of 3.7% from March 31, 2012 to $40.01. Trading highlights in the quarter included low catastrophe levels, areas of pricing improvement, especially in... Read more of this article
Aspen Insurance’s Mario Vitale Named Sole CEO
Effective 01 July, 2012, Rupert Villers (co-CEO, Aspen Insurance) will assume a new position as Chairman of Aspen Insurance and President of Aspen International Insurance. Mario Vitale (co-CEO Aspen Insurance) will become CEO of Aspen Insurance globally and remain President of Aspen US Insurance. Rupert Villers has agreed to extend his service with... Read more of this article
Argus & Aspen Fund Expansion Of Reading Clinic
The Argus Group has made a significant donation to The Reading Clinic to help fund a major expansion of the charity’s Serpentine Road facility in Hamilton, due to be completed by September 2012. The project is also backed financially by Aspen Bermuda Limited and an anonymous Foundation. The sponsorship provided by the three organisations will enable... Read more of this article
S&P On Aspen Insurance Share Issuance
Standard & Poor’s Ratings Services yesterday [Apr.3] assigned its “BBB-” rating to Bermuda-based Aspen Insurance Holdings Ltd.’s proposed perpetual preferred share issuance. The issuance will have a fixed rate and be callable after five years. The ratings are subject to confirmation of the final terms and conditions of the... Read more of this article
