This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Aspen releases 2011 Loss Development Triangles
Hamilton, Bermuda - 16 May, 2012 – Aspen Insurance Holdings Limited (“Aspen”; Ticker: AHL.BH) has published its 2011 Loss Development Triangles (the “Loss Triangles”) on its website www.aspen.co under the Investor Relations > Financial Results section.
The Loss Triangles provide stakeholders with additional insight into the reserves held on Aspen’s balance sheet as at December 31, 2011. It presents eight reserving lines of business which fall within Aspen’s two reporting segments, Insurance and Reinsurance.
The Loss Triangles provide data on earned premiums, paid losses, case reserves and incurred losses on an accident year basis on a gross, ceded and net basis. They also include total incurred but not reported (IBNR) reserves as at December 31, 2011, both gross and net of applicable reinsurance, together with development triangles for paid and incurred losses on a gross basis.
About Aspen
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 Kingdom and the United States. For the year ended December 31, 2011, Aspen reported $9.5 billion in total assets, $4.5 billion in gross reserves, $3.2 billion in shareholders’ equity and $2.2 billion in gross written premiums. 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 further information
Please visit www.aspen.co or contact:
Investors
Kerry Calaiaro, Senior Vice President, Investor Relations, Aspen
Kerry.Calaiaro@aspen.co
+1 646 502 1076
Media
Tim Dickenson, Global Head of Communications, Aspen
Tim.Dickenson@aspen.co
+44 20 7184 8034
Europe and Asia – Citigate Dewe Rogerson
Justin Griffiths
Justin.Griffiths@citigatedr.co.uk
+44 20 7638 9571
North America – Abernathy MacGregor
Allyson Vento
amv@abmac.com
+1 212 371 5999