HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) has published
its 2015 Loss Development Triangles (the “Loss Triangles”) on its
website within the Investor
Relations section.
The Loss Triangles provide stakeholders with additional insight into the
reserves held on Aspen’s balance sheet as at December 31, 2015. They
present 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
reserves as at December 31, 2015, 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 Australia, Bermuda, Canada, France, Germany, Ireland,
Singapore, Switzerland, the United Arab Emirates, the United Kingdom and
the United States. For the year ended December 31, 2015, Aspen reported
$11.0 billion in total assets, $4.9 billion in gross reserves, $3.4
billion in total shareholders’ equity and $3.0 billion in gross written
premiums. Its operating subsidiaries have been assigned a rating of “A”
by Standard & Poor’s Financial Services LLC, an “A” (“Excellent”) by
A.M. Best Company Inc. and an “A2” by Moody’s Investor Service, Inc.
Application of the Safe Harbor of the Private Securities Litigation
Reform Act of 1995
This press release may contain "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,” “do not believe,” “aim,” “project,” “anticipate,”
“seek,” “will,” “likely,” “assume,” “estimate,” “may,” “continue,”
“guidance,” “objective,” “outlook,” “trends,” “future,” “could,”
“would,” “should,” “target,” “on track” 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,
2015 filed with the U.S. Securities and Exchange Commission on February
19, 2016. 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/20160915005352/en/
For further information:
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
Aspen
Steve
Colton, +44 20 7184 8337
Group Head of Communications
Steve.Colton@aspen.co
Source: Aspen Insurance Holdings Limited