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Aspen Insurance Holdings to Release 2010 Loss Development Triangles
Hamilton, Bermuda - 05 April, 2011 – Aspen Insurance Holdings Limited (“Aspen” or the “Company”; Ticker: NYSE:AHL; BSX: AHL.BH) today announced that it will publish the Company’s 2010 Loss Development Triangles (“the triangles” or “the document”). The document will be available on the Company’s website at www.aspen.bm in the Investor Relations section on the Financial Results page after 4:00 p.m. ET on April 7.
Aspen’s publication of the triangles is intended to provide stakeholders with additional insight into the reserves held on the Company’s balance sheet as at 31 December, 2010. The document presents 8 reserving classes of business which fall within the Company’s two reporting segments, Insurance and Reinsurance and provides a summary on an accident year basis of earned premiums, paid and incurred losses. The document also includes total IBNR reserves on a net and gross basis as at 31 December, 2010 together with development triangles for paid and incurred losses on a gross basis.
About
The Company 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 Kingdom and the United States. For the twelve months ended December 31, 2010, the Company reported gross written premiums of $2,076.8 million, net income of $312.7 million and total assets of $8.8 billion. Its operating subsidiaries have been assigned a financial strength rating of “A” (“Strong”) by Standard & Poor's, an “A” (“Excellent”) by A.M. Best and an “A2” (“Good”) by Moody's Investors Service.
Investor Contact:
Aspen Insurance Holdings Limited
Kerry Calaiaro, Senior Vice President, Investor Relations
T: +1 646 502 1076
Kerry.Calaiaro@aspen.bm
Noah Fields, Head of Investor Relations T: +1 441-297-9382
Noah.Fields@aspen.bm
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