HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen” or the “Company”) (NYSE:
AHL) announces a directorate appointment.
Aspen announces that Bret Pearlman has been appointed as a non-executive
director of the Company. Mr. Pearlman will also be a member of Aspen’s
Corporate Governance and Nominating Committee and the Investment
Committee.
Mr. Pearlmanis a Managing Director and co-founder of the private
equity firm, Elevation Partners. He has extensive experience as a
private equity investor in large-scale transactions during his twenty
year career. Mr. Pearlman joined The Blackstone Group in 1989 as the
firm's first analyst and from 2000 through mid-2004, he was one of a
number of Senior Managing Directors whose primary responsibility was
investing Blackstone's private equity funds. Blackstone was a founding
investor in Aspen and Mr. Pearlman served as the firm’s representative
on Aspen’s Board from June 2002 until July 2004. Since co-founding
Elevation in 2004, Mr. Pearlman has served as Chair and a board member
of VGH Holdings and he is currently on the board of directors of Forbes
Media.
Glyn Jones, Chairman of Aspen, said: “I am delighted that Bret is
joining the Aspen
Board. His wealth of financial services experience, in particular in
the area of private equity where he has had significant exposure to a
broad range of issues including performance management, corporate
finance and capital management, will be a great asset to Aspen. I would
like to welcome Bret back to the Aspen Board and I look forward to
working with him in the future.”
About Aspen Insurance Holdings Limited (“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, 2012, Aspen reported $10.3 billion in total assets, $4.8 billion in
gross reserves, $3.5 billion in shareholders’ equity, and $2.6 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.
Application of the Safe Harbor of the Private Securities Litigation
Reform Act of 1995
This press release contains "forward-looking" statements regarding
future results and events, including, without limitation, statements
regarding Board appointments. Forward-looking statements include all
statements that do not relate solely to historical or current facts, and
can be identified by the use of words such as “expect,” “intend,”
“plan,” “believe,” “project,” “anticipate,” “seek,” “will,” “estimate,”
“may,” “likely,” “continue,” and similar expressions of a future or
forward-looking nature.
All forward-looking statements rely on a number of assumptions,
estimates and data concerning future results and events and are subject
to a number of uncertainties and other factors, many of which are
outside Aspen’s control that could cause actual results to differ
materially from such statements, including our ability to consummate the
transactions contemplated by the terms of the accelerated share
repurchase agreement, the share price and share volumes which may impact
timing of repurchases, changes in market conditions and the impact on
our business of such factors. For a detailed description of
uncertainties and other factors that could impact the forward-looking
statements in this press release, please see the “Risk Factors” section
in Aspen’s Annual Report on Form 10-K for the year ended December 31,
2012, filed with the U.S. Securities and Exchange Commission on February
26, 2013. Aspen undertakes no obligation to update or revise publicly
any forward-looking statements, whether as a result of new information,
future events or otherwise.
Please visit www.aspen.co
or:
Investors
Aspen
Kerry Calaiaro, Senior Vice
President, Investor Relations
646-502-1076
Kerry.Calaiaro@aspen.co
or
Media
Aspen
Steve
Colton, Head of Communications
+44 20 7184 8337
Steve.Colton@aspen.co
or
International
– Citigate Dewe Rogerson
Caroline Merrell or Jos Bieneman
+44
20 7638 9571
caroline.merrell@citigatedr.co.uk
jos.bieneman@citigatedr.co.uk
or
North
America – Abernathy MacGregor
Allyson Vento
212-371-5999
amv@abmac.com
Source: Aspen Insurance Holdings Limited