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Aspen Insurance Holdings Announces 2004 Third Quarter Results

Hamilton, Bermuda: 23 September 2004 - Aspen Insurance Holdings Limited (Aspen) (NYSE:AHL; BSX:AHL.BH) will release its 2004 third quarter financial results on Tuesday, November 2, 2004, following the closing of the U.S. markets. The Company will hold a conference call to discuss its financial results on Wednesday, November 3, 2004 at 8:30 a.m. (New York City time).

The conference call will be webcast live on the Investor section of Aspen's web site, which is located at www.aspen.bm.

Chris O' Kane, Chief Executive Officer, and Julian Cusack, Chief Financial Officer, will review Aspen's 2004 third quarter financial results. Following their review, questions will be taken from registered analysts and investors. The conference call is expected to last approximately one hour.

Investors may participate in the live conference call by dialing 800-473-6123 (toll-free domestic U.S.) or 973-582-2706 (international). Please call to register at least 10 minutes before the conference call begins. A replay of the call will be available for 10 days via telephone starting approximately two hours following the live call on November 3, 2004, and can be accessed at 877-519-4471 (toll-free domestic U.S.) or 973-341-3080 (international); passcode: 5204700. A replay will also be available for 10 days via Aspen's website at www.aspen.bm.

About Aspen Insurance Holdings Limited

Aspen Insurance Holdings Limited (Aspen) was established in June 2002. Aspen is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen's operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited (Aspen Re), Aspen Insurance Limited (Aspen), Aspen Specialty Insurance Company (Aspen Specialty) and Aspen Re America Inc (Aspen Re America). Aspen's reinsurance segment consists of property reinsurance, casualty reinsurance and specialty reinsurance lines of business. Aspen's insurance segment consists of commercial property, commercial liability and U.S. surplus insurance lines of business. Aspen's principal existing shareholders include The Blackstone Group, Candover Partners Limited, Wellington Underwriting plc and Credit Suisse First Boston Private Equity.

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Investor Contacts:

Aspen Insurance Holdings Limited T +441-297-9382

Noah Fields, Head of Investor Relations

UK Contacts:

The Maitland Consultancy T +44 20 7379 5151

Emma Burdett

Brian Hudspith