Hashtag: #AspenInsuranceHoldings
Catastrophes Result In Major Loss For Aspen
Bermuda speciality re/insurer Aspen Insurance Holdings Limited today [Apr. 28] reported first-quarter net loss of $151.7 million or $2.23 a share, including losses of $255.9 million, net of reinsurance recoveries, reinstatement premiums and taxes, resulting from a recent series of natural catastrophe events. This compares with net profit of $18.3 million... Read more of this article
Aspen Japan Quake Estimate: $160 Million
Aspen Insurance Holdings Limited yesterday [Apr.12] announced an estimate of losses from the Tohoku Earthquake, which occurred off the coast of Northeast Japan and the ensuing tsunami on March 11, 2011 and commented on current market conditions. Chief Executive Officer Chris O’Kane said, “We wish to extend our deepest sympathies to all of... Read more of this article
Aspen on Nuclear Crisis: No “Known Exposure”
Bermuda-based re/insurer Aspen Insurance Holdings Ltd said it does not have “any known exposure to property damage, business interruption or liability for any nuclear incidents arising from the Tohoku Earthquake.” A statement issued by the company said, “The tragic loss of life and extent of devastation continues to unfold following... Read more of this article
Aspen: Aussie Flood & NZ Quake Loss Estimates
Aspen Insurance Holdings Limited announced an estimate of losses from the 2011 Australian Floods and Cyclone Yasi, as well the New Zealand Earthquake of February 21, 2011. Their initial estimate of losses from the 2011 Australian Brisbane Floods which took place between January 10 and 17, 2011, is in the region of US$30 million post tax and net of... Read more of this article
Aspen Insurance Appoints Kerry Calaiaro
Bermuda-based Aspen Insurance Holdings Limited today [Mar.14] announced that they have appointed Kerry Calaiaro as Senior Vice President, Investor Relations with immediate effect. Ms. Calaiaro will report to Chris O’Kane, Chief Executive, and will be based in New York. Ms. Calaiaro has extensive experience in the financial services industry, encompassing... Read more of this article
Aspen US Names Toppi To Head Surety Unit
Aspen US Insurance — a subsidiary of Bermuda-based re/insurer Aspen Insurance Holdings Limited — today [Mar.9] announced the establishment of its new Surety insurance unit to be led by its industry veteran Michael Toppi. Joining Mr. Toppi will be Mathew Raino, vice president, Commercial Surety, and Ryan Field, assistant vice president, Commercial... Read more of this article
Aspen Names Vitale As Head of US Insurance
Bermuda-based Aspen Insurance Holdings Limited today [Mar. 7] announced the appointment of Mario P. Vitale [pictured] as president of its US insurance operations. “This appointment strengthens Aspen’s leadership team in the US further as the company seeks to leverage the investment it has made in developing its US operations to build its... Read more of this article
Aspen Insurance Files With SEC
Aspen Insurance Holdings Limited — a Bermuda holding company – today [Feb.25] filed its 2010 Annual Report on Form 10-K with the US Securities & Exchange Commission. The document is on the company’s website under the Investor Relations section as well as on the SEC’s website. Printed copies of the company’s complete audited... Read more of this article
Aspen: ‘We Made Good Progress’
Bermuda domiciled Aspen Insurance Holdings Limited yesterday [Feb. 8] reported net income after tax for the fourth quarter of 2010 of $92.7 million and operating earnings of $1.02 per diluted ordinary share. Book value per share on a diluted basis of $38.90 increased by 13.9% when compared to December 31, 2009 and by 1.8% since September 30, 2010. Diluted... Read more of this article
Aspen Declares Quarterly Cash Dividend
Aspen Insurance Holdings Limited announced yesterday [Feb 4] that its Board of Directors declared a quarterly cash dividend on its ordinary shares of US$0.15 per ordinary share. The dividend is payable on 4 March, 2011 to the holders of record as of the close of trading on 18 February, 2011. The Company’s Board of Directors also declared a cash dividend... Read more of this article
