HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE: AHL) reported today a net income after tax of $30.8 million, or $0.38 per diluted ordinary share, and an operating income after tax of $63.0 million, or $0.91 per diluted ordinary share, for the first quarter of 2018. Chris O’Kane, Chief Executive Officer, commented: “The first quarter of 2018 was the first in Aspen's history in which we wrote more than a billion dollars of premium. Our strong results include gross written premium growth ac...
HAMILTON, Bermuda--(BUSINESS WIRE)-- The Board of Directors of Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.24 per ordinary share. The dividend is payable on June 5, 2018 to the holders of record as of the close of business on May 18, 2018. Aspen’s Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share (the “5.95% Preference Shares”) of...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) will release its first quarter 2018 financial results on Wednesday, May 2, 2018 following the close of the New York Stock Exchange. A conference call to discuss Aspen’s results will follow at 8:00am (ET) on Thursday, May 3, 2018. To participate in the conference call on May 3 by phone: Please call to register at least 10 minutes before the conference call begins, dialing: +1 (844) 378 6481 (U...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen” or the “Company”) (NYSE:AHL) announced today that Brian Boornazian has decided to retire as Chairman of its reinsurance segment, Aspen Re, and as Chief Executive Officer of Aspen Re, Americas, with effect from the end of April. Chris O’Kane, Group Chief Executive Officer, said: “I would like to thank Brian for his outstanding service to Aspen over the last 14 years. Under his leadership and with his sharp focus on execution, we have grown our reins...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE: AHL) reported today a net loss after tax of $(184.9) million, or $(3.25) per diluted ordinary share, and an operating loss after tax of $(178.1) million, or $(3.14) per diluted ordinary share, for the fourth quarter of 2017. Chris O’Kane, Chief Executive Officer, commented: “Aspen's fourth quarter 2017 results were well below acceptable levels. While some of the losses we reported arose from abnormally high natural catastrophe activity, we ...
HAMILTON, Bermuda--(BUSINESS WIRE)-- The Board of Directors of Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.24 per ordinary share. The dividend is payable on March 13, 2018 to the holders of record as of the close of business on February 23, 2018. Aspen’s Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share (the “5.95% Preference Shar...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) 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 November 2015. Since his arrival, he has upgraded the underwriting talent in our Insurance segment, is refocusing our underwriting book and is positioning Aspen Insurance for success...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) will release its fourth quarter 2017 financial results on Wednesday, February 7, 2018 following the close of the New York Stock Exchange. A conference call to discuss Aspen’s results will follow at 8:00am (ET) on Thursday, February 8, 2018. To participate in the conference call on February 8 by phone: Please call to register at least 10 minutes before the conference call begins, dialling: +1 (844) 378 6481 (U.S....
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) announced today 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 Re is owned by CGB DS. In exchange for its stake in Crop Re, Aspen has sold AG Logic Holdings, LLC ...
LONDON--(BUSINESS WIRE)-- A.M. Best has revised the outlook to stable from positive for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the 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). The outlook of the FSR remains stable. At the same time, A.M. Best has revised the outlooks to sta...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen” or the “Company”) (NYSE:AHL) announced today that David Schick has been appointed Group Chief Operating Officer. David 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 Group-wide, including within the Insurance business. Prior to this, he was at Raiffeisen Bank International where...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE: AHL) 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 $(276.6) million, or $(4.78) per diluted ordinary share, for the third quarter of 2017. Chris O’Kane, Chief Executive Officer, commented: “The third quarter was characterized by multiple, large-scale natural catastrophes across our industry. While significant, Aspen's estimated losses from these events are ...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen” or the “Company”) (NYSE:AHL) launched today a comprehensive program to drive greater effectiveness and efficiency across the Company and enhance its market position. Chris O’Kane, Chief Executive Officer, commented “Aspen is a diversified, global company with a strong balance sheet and specialty underwriters across many lines of business. Over the past 15 years, we have developed an underwriting-focused culture that provides creative solutions to o...
HAMILTON, Bermuda--(BUSINESS WIRE)-- The Board of Directors of Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) 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 Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share (the “5.95% Preference S...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) announced today 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 Maria. In addition, Aspen estimates pre-tax losses, net of reinsurance and reinstatement premiums, of approximately $50 milli...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) will release its third quarter 2017 financial results on Wednesday, October 25, 2017 following the close of the New York Stock Exchange. A conference call to discuss Aspen’s results will follow at 8:00am (ET) on Thursday, October 26, 2017. To participate in the conference call on October 26 by phone: Please call to register at least 10 minutes before the conference call begins, dialling: +1 (...
FINANCIAL INSTITUTIONS CREDIT OPINION 16 August 2017 Update RATINGS Aspen Insurance Holdings Limited Domicile Bermuda Long Term Rating Baa2 Type Senior Unsecured - Fgn Curr Outlook Stable Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Helena Kingsley- Tomkins 44-2
HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) reported today net income after tax of $75.8 million, or $1.07 per diluted ordinary share, and operating income after tax of $39.2 million, or $0.47 per diluted ordinary share, for the second quarter of 2017. Chris O’Kane, Chief Executive Officer, commented: “We continue to make progress in both Reinsurance and Insurance to enhance further our competitive position and profitability. “With a strong regional network and deep loca...
HAMILTON, Bermuda--(BUSINESS WIRE)-- The Board of Directors of Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) has 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 Preference Shares with a $25 liquidation preference per share (the “5.95% Preference Share...
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