HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) has published
its 2012 Loss Development Triangles (the “Loss Triangles”) on its
website www.aspen.co
within 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, 2012. 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, 2012, both gross and net of applicable
reinsurance, together with development triangles for paid and incurred
losses on a gross basis.
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 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 total 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 may contain written “forward-looking statements”
within the meaning of the U.S. federal securities laws. These statements
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. 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,” “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 changes in market conditions
and their impact on our business, as well as factors such as the
availability of financing to fund the cash portion of the settlement of
the mandatory conversion of the Perpetual PIERS on favorable terms and
the possibility, if Aspen cannot obtain adequate replacement capital on
favorable terms, or at all, that its financial condition and operating
results could be adversely affected. For a more 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.
For further information
Please visit www.aspen.co
or contact:
Investors:
Aspen
Kerry Calaiaro,
+1-646-502-1076
Senior Vice President, Investor Relations
Kerry.Calaiaro@aspen.co
or
Media:
Aspen
Steve
Colton, +44 20 7184 8337
Head of Communications
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, +1-212-371-5999
amv@abmac.com
Source: Aspen Insurance Holdings Limited