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ASPEN INSURANCE HOLDINGS REPORTS RESULTS FOR FIRST QUARTER 2009

HAMILTON, BERMUDA -30 April, 2009 €” Aspen Insurance Holdings Limited (NYSE: AHL) reported a net profit after tax for the first quarter of 2009 of $91.4 million and operating earnings of $1.18 per diluted ordinary share. This compares to a net profit after tax of $81.2 million, and operating earnings of $0.79 per diluted share for the first quarter last year.

  1. Diluted book value per share of $29.12, up 2.2% over the first quarter of 2008 and 3.6% over the fourth quarter of 2008.

  2. First quarter net income of $91.4 million, up 12.6% over the same quarter last year.

  3. First quarter net investment income of $59.2 million, up 51.4% over the same quarter last year.

  4. Operating earnings per share of $1.18 for the quarter, up 49.4% over the first quarter of 2008.

  5. Annualized operating return on equity of 17.6% for the quarter.

The earnings press release and a detailed financial supplement will be posted to the website, located at www.aspen.bm , as well as a brief slide presentation which may be used for reference. 

About Aspen Insurance Holdings Limited

Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France, Ireland, Singapore, the United States, the United Kingdom, and Switzerland. For the three months ended March 31, 2009, Aspen reported gross written premiums of $636.8 million, net income of $94.1 million and total assets of $7.6 billion. Its operating subsidiaries have been assigned a rating of "A" ("Strong") by Standard & Poor's, an "A" ("Excellent") by A.M. Best and an "A2" ("Good") by Moody's Investors Service. For more information about Aspen, please visit www.aspen.bm.

Investor Contact: Aspen Insurance Holdings Limited

Noah Fields, Head of Investor Relations.......................................T: +1 441-297-9382

European Press Contact: Citigate Dewe Rogerson Justin Griffiths/Sarah Gestetner....................................................T: +44 (0) 20 7282 2920

North American Press Contact: Abernathy MacGregor Carina Davidson/Allyson Morris..................................................T: +1 212-371-5999