Aspen Appoints Albert Beer to Board of Directors

Hamilton, Bermuda – 05 November, 2010 — Aspen Insurance Holdings Limited (NYSE:AHL) announced that the Company’s Board of Directors (“the Board”) has appointed Mr. Albert J. Beer to the Board in a non-executive capacity with effect from February 1, 2011.  Mr. Beer has also been appointed to the Risk Committee and the Audit Committee, where he will serve as an additional financial expert.

Mr. Glyn Jones, Chairman of the Board commented: “I am delighted that Al has agreed to join Aspen’s board of directors.  Al is a seasoned industry executive with an impressive track record built up over many years. In addition, as Chair of the Actuarial Standards Board and a board member of the Casualty Actuary Society, Al brings extensive technical knowledge to an important area of focus for our Audit and Risk Committees. I am sure that Al will add greatly to Aspen’s board discussions and we look forward to working with him.”

Mr. Beer is a former Executive Vice President of American Re-Insurance Corporation (Munich Re America). During his time at American Re, Mr. Beer also served as President, Strategic Business Units of American Re-Insurance Company, Chairman, President and CEO of American Alternative Insurance Company and Chairman, President and CEO of Princeton Excess and Surplus Lines Insurance Company. Mr. Beer is the current Chair of the Actuarial Standards Board and the Michael J. Kevany/XL Professor of Insurance and Actuarial Science at St. John’s University, New York.

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, Germany, Ireland, Singapore, Switzerland, the United States and the United Kingdom. For the twelve months ended December 31, 2009, Aspen reported gross written premiums of $2,067.1 million, net income of $473.9 million and total assets of $8.3 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.

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