Entry on Lloyd’s Asia platform
HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen” or the “Aspen Group”)
(NYSE:AHL) has today announced the entry of its insurance segment, Aspen
Insurance, into Singapore through Aspen’s Lloyd’s syndicate on the
Lloyd’s Asia platform from 1 January 2016, subject to regulatory
approval.
The establishment of Aspen’s insurance presence in Singapore is
consistent with Aspen’s strategy of leveraging its existing strength and
expertise in certain product lines in its target markets globally. Aspen
Insurance’s Singapore operation will initially focus on the provision of
Onshore and Offshore Energy, Marine Hull, Accident and Health,
Terrorism, Financial and Corporate Risks, Professional Indemnity,
Technology, Data Protection and Cyber and Credit and Political Risk
insurance risks.
Ann Haugh, President, Aspen International Insurance and Chief Operating
Officer, Aspen Insurance, said: “In Singapore we will continue to
deliver the highest standards of underwriting and customer service for
which we are known, offering expertise to clients and brokers locally.”
She added: “We look forward to engaging with brokers and focusing on the
opportunities created by our closer proximity to existing and new
clients.”
The Singapore insurance operation will be led by Yann Marmonier, who is
joining Aspen as Principal Officer and Managing Director. Yann was
previously Singapore Country Manager at XL Catlin. Prior to this, he
held senior roles with Catlin in Singapore, including branch Chief
Executive Officer.
Paul Hackett has been appointed Head of Marine for the Singapore office
and was most recently at XL Catlin in Singapore. He previously spent
almost 20 years with RSA in underwriting and management positions.
Ann Haugh commented: “Yann and Paul have proven experience and strong
track-records in developing businesses in Singapore and I am delighted
that they are joining Aspen Insurance at this exciting time.”
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in various
domestic and global markets through its subsidiaries and offices in
Australia, Bermuda, France, Germany, Ireland, Singapore, Switzerland,
the United Kingdom and the United States. For the year ended December
31, 2014, Aspen reported $10.7 billion in total assets, $4.8 billion in
gross reserves, $3.4 billion in total shareholders’ equity and $2.9
billion in gross written premiums. Its operating subsidiaries have been
assigned a rating of “A” (“Strong”) by Standard & Poor’s Financial
Services, an “A” (“Excellent”) by A.M. Best Company Inc. and an “A2”
(“Good”) by Moody’s Investor Service, Inc.
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 its personnel and achievement of Aspen’s strategies and
business plans. 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,” “do not believe,” “aim,” “project,” “anticipate,” “seek,”
“will,” “likely,” “assume,” “estimate,” “may,” “continue,” “guidance,”
“objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,”
“target” 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. 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,
2014 filed with the U.S. Securities and Exchange Commission on February
23, 2015. Aspen undertakes no obligation to update or revise publicly
any forward-looking statements, whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151109005352/en/
Please visit www.aspen.co
or contact:
Investors
Aspen
Mark Jones, +1
646-289-4945
Senior Vice President, Investor Relations
mark.p.jones@aspen.co
or
Media
International
– Citigate Dewe Rogerson
Caroline Merrell, +44 20 7638 9571
caroline.merrell@citigatedr.co.uk
or
Jos
Bieneman, +44 20 7638 9571
jos.bieneman@citigatedr.co.uk
or
North
America – Abernathy MacGregor
Carina Davidson, +1 212-371-5999
ccd@abmac.com
or
Allyson
Vento, +1 212-371-5999
amv@abmac.com
Source: Aspen Insurance Holdings Limited