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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 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, 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
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, 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
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
Aspen Reports 2016 Q3 Net Income: $95.6M
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $95.6 million, or $1.40 per diluted share, and operating income after tax of $69.3 million, or $0.97 per diluted share, for the third quarter of 2016. Chris O’Kane, Chief Executive Officer, commented, “Aspen’s results this quarter reflect good underwriting profitability... Read more of this article
Aspen Prices Public Offering Of $225 Million
Bermuda-based Aspen Insurance Holdings Limited has priced an underwritten public offering of 9,000,000 shares of 5.625% Perpetual Non-Cumulative Preference Shares. The Preference Shares have a liquidation preference of $25 per share [or $225,000,000 in aggregate liquidation preference]. The underwriters have the option to purchase from Aspen up to... Read more of this article
Aspen Named Title Sponsor For Viper 640 Sailing
The Viper 640 Class Association, Royal Bermuda Yacht Club, and Royal Hamilton Amateur Dinghy Club announced Aspen has been named the title sponsor for the Class’s 2016 International Championship: The Aspen Viper 640 International Championship presented by EFG. “This major regatta will be sailed from November 16-19, 2016 on Bermuda’s Great... Read more of this article
Aspen Insurance Opens Office In Dallas, Texas
Aspen U.S. Insurance, part of the insurance segment of Bermuda-based Aspen Insurance Holdings Limited [AHL], announced the opening of an office in Dallas, Texas. The new Dallas office will serve as a hub to offer products and services to regional customers and brokers. Initially focusing on Excess Casualty products across the wholesale and retail channels,... Read more of this article
Aspen Declares Dividends On Ordinary Shares
The Board of Directors of Aspen Insurance Holdings Limited declared a quarterly cash dividend on Aspen’s ordinary shares of $0.22 per ordinary share. The dividend is payable on August 30, 2016 to the holders of record as of the close of business on August 12, 2016. Aspen’s Board of Directors also declared a dividend on its 7.401% Perpetual Non-Cumulative... Read more of this article
Aspen Initial 2016 Q2 Loss Estimate: $65 Million
Bermuda-based Aspen Insurance Holdings Limited announced an initial estimate of approximately $65 million in pre-tax losses, net of reinsurance and reinstatement premiums, related to natural catastrophes in the second quarter of 2016. “The estimated natural catastrophe losses are attributed approximately 75% to the Reinsurance segment and approximately... Read more of this article
Aspen Appoints Head Of U.S. Primary Casualty
Bermuda-based Aspen Insurance has announced the appointment of Sean McPhillips as Senior Vice President, Head of U.S. Primary Casualty. Based in New York and reporting to David Cohen, President and Chief Underwriting Officer, Aspen Insurance, he will lead the planning, strategy and execution of the Primary Casualty operation throughout the U.S. He... Read more of this article
Aspen Appoints Head Of International Marine
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, has announced the appointment of Christopher Wildee as Head of International Marine. Based in London and reporting to Ann Haugh, President, Aspen International Insurance and Chief Operating Officer, Aspen Insurance, Mr. Wildee will also retain his current role as Head of International... Read more of this article
Aspen Appoint New Head Of Energy/Construction
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, has announced the appointment of Erik Armellino as International Head of Onshore Energy & Construction. Mr. Armellino has more than 20 years of experience managing a broad range of energy and construction insurance products. Reporting to Ann Haugh, President, Aspen International... Read more of this article
Aspen Appoints New Global Product Heads
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, has announced the appointments of Mike Toppi as Global Head of Surety Risk and Paul Sanders as Global Head of Credit & Political Risk. These appointments are part of Aspen Insurance’s strategy to leverage its global platform and better align product capabilities and distribution.... Read more of this article
