Aspen Insurance Appoints Head of Political Risk
18 December 2007 - 1:09AM
Business Wire
Aspen Insurance Holdings Limited (NYSE:AHL) has appointed Bernard
de Haldevang as Head of Political Risk Insurance with immediate
effect. In this newly formed role, Bernard reports directly to
Matthew Yeldham, Aspen�s Head of International Insurance. Aspen
anticipates that gross written premium from this new line of
business will be in the region of $70 million after three years
subject to market conditions. Bernard has over 20 years of
experience of underwriting political risk insurance and joins Aspen
from Atrium Underwriting, Lloyd�s of London, where he was a member
of the Syndicate Management Group and Class Underwriter for
Financial and Political Risks. �I am very pleased to welcome Bernie
to Aspen,� said Matthew Yeldham, Head of International Insurance
for Aspen. �He has a strong underwriting track-record, excellent
relationships in the industry and I am looking forward to working
with him.� 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, the United States, the United Kingdom, and
Switzerland. For the nine months ended September 30, 2007, Aspen
reported gross written premiums of $1.5 billion, net income of
$353.8 million and total assets of $7.3 billion. For more
information about Aspen, please visit www.aspen.bm. Aspen's Ratings
Aspen Insurance UK Limited Aspen Insurance Limited A (Strong)
Standard & Poor's A (Strong) Standard & Poor's A
(Excellent) A. M. Best A (Excellent) A. M. Best A2 (Good) Moody's
A2 (Good) Moody's � � Aspen Specialty Insurance Company A-
(Excellent) A. M. Best Application of the Safe Harbor of the
Private Securities Litigation Reform Act of 1995: This press
release contains written, and Aspen's officers may make related
oral, "forward-looking statements" within the meaning of the U.S.
federal securities laws regarding the appointment of new hires and
the direction and growth of the Company. 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. For a detailed description of uncertainties and
other factors that could impact the forward-looking statements in
this release, please see the "Risk Factors" section in Aspen's
Annual Report on Form 10-K for the year ended December 31, 2006,
filed with the U.S. Securities and Exchange Commission on February
22, 2007.
Aspen Insurance (NYSE:AHL)
Historical Stock Chart
From Sep 2024 to Oct 2024
Aspen Insurance (NYSE:AHL)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Aspen Insurance Holdings Limited Ordinary Shares (New York Stock Exchange): 0 recent articles
More Aspen Insurance Holdings Limited News Articles