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A.M. Best Increases Rating of Aspen Insurance Limited and Maintains Rating of Aspen Insurance UK Limited with Stable Outlook
Hamilton, Bermuda: December 10, 2007 -- Aspen Insurance Holdings Limited (NYSE: AHL) today announced that A.M. Best has increased the financial strength rating of Aspen's Bermuda subsidiary Aspen Insurance Limited, to €˜A' with a "Stable" outlook, and affirmed the €˜A' rating of Aspen Insurance UK Limited and upgraded the outlook to "Stable". These actions harmonise the ratings of both entities.
According to A.M. Best the ratings reflect the excellent financial strength of the consolidated Aspen group, the operating performance of the Bermuda and UK companies, anticipation of continued strong underwriting results, the strength of the Aspen brand and its well diversified business model.
Richard Houghton, Chief Financial Officer of Aspen said, "We believe that the "A" ratings from A.M. Best are important endorsements of Aspen's strategy and financial strength."