Aspen Insurance Holdings News

Aspen Q1 Operating Income Decreases to $89.9M from $98M in Q1 2015

Bermuda-based Aspen Insurance Holdings Ltd. reported net income after tax of $114.4 million, or $1.68 per diluted share for the first quarter of 2016, compared with $128.0 million reported for the same quarter in 2015. Operating income after tax for …

Aspen Re Opens Dubai Hub; Senior Appointments Announced

Aspen Insurance Holdings Ltd. announced that its reinsurance segment, Aspen Re, has opened a new hub for the Middle East and Africa in Dubai. The establishment of a reinsurance hub in Dubai is consistent with Aspen Re’s strategy of maximizing …

Aspen Insurance Appoints Global Product Heads

Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Ltd., announced the appointment of new global product heads as part of its strategy to leverage its global platform and better align product capabilities and distribution. These appointments are: Oliver …

A.M. Best Revises Outlook to Positive for Aspen and Its Subsidiaries

A.M. Besthas revised the outlook for the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength rating (FSR) of “A” (Excellent) and the ICRs of “a” of Aspen Insurance UK Ltd., Aspen Bermuda Ltd., Aspen American …

Aspen Insurance Appoints McElroy as Global Head of Environmental

Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., announced that William McElroy will be appointed global head of environmental, effective Nov. 16, 2015. McElroy will lead Aspen Insurance’s global environmental practice, establishing a new global platform around product …

Aspen Launches Singapore Operation via Lloyd’s Platform; 2 Senior Execs Hired

Aspen Insurance Holdings Limited announced the entry of its insurance segment, Aspen Insurance, into Singapore through Aspen’s Lloyd’s syndicate on the Lloyd’s Asia platform, effective Jan. 1, 2016. The launch, which is subject to regulatory approval, is consistent with Aspen’s …

Aspen Insurance Appoints Cohen as President and Chief Underwriting Officer

Bermuda-headquartered Aspen Insurance Holdings Limited announced the appointment of David Cohen as president and chief underwriting officer of its insurance segment, Aspen Insurance. With over 35 years of insurance industry experience, Cohen was most recently at Liberty International Underwriters (LIU) …

Aspen Estimates Tianjin Explosion to Cost $30 Million; Nat Cats Total $20 Million

Bermuda-based Aspen Insurance Holdings Limited estimates its Aspen Re subsidiary lost approximately $50 million from the August 12 explosion in the Port of Tianjin, China, and from natural catastrophes during the third quarter of 2015. Approximately $30 million of these …

Aspen Reports Q2 Net Income of $49M, Operating Income of $72.2M

Aspen Insurance Holdings Limited, headquartered in Bermuda, reported net income after tax of $49.0 million for the second quarter ended June 30, or $0.62 per diluted share, compared to net income after tax of $130.8 million reported during the same …

Aspen Re Appoints Parker and Wedlock Within Asia Pacific Region

Aspen Re, the reinsurance segment of Aspen Insurance Holdings Limited, announces the appointments of Andrew Parker as head of its Australian branch in Sydney and senior underwriter and Paul Wedlock as senior underwriter – both within its Asia Pacific region. …