Aspen Promotes Simon Mason to Deputy Head of Marine, Energy & Liability of International Insurance
05 March 2008 - 1:15AM
PR Newswire (US)
HAMILTON, Bermuda, March 4 /PRNewswire-FirstCall/ -- Aspen
Insurance Holdings Limited (NYSE:AHL) ("Aspen") today announced
that Simon Mason has been promoted to the role of Deputy Head of
Marine & Energy, International Insurance, effective
immediately. In connection with the promotion, Simon will take on
greater management responsibilities. He will continue to report to
John Henderson, Head of Marine & Energy, International
Insurance. Simon joined Aspen in December 2004 and has twenty years
of experience in the energy insurance sector. He currently serves
on the London market Joint Rig Committee, which is a representative
forum for the London marine energy market, and previously has
worked in the Lloyd's market. "We are delighted to recognize
Simon's contributions. His deep expertise in the marine, energy and
liability areas has helped us to grow this business," said Matthew
Yeldham, Head of International Insurance, Aspen Insurance Holdings.
"Simon's promotion is indicative of our focus on further expanding
our specialized International Insurance operations by strengthening
our team to take advantage of opportunities in the current market.
Aspen has developed a strong track record in Marine & Energy
since entering the business in 2004 and we remain focused on
complex opportunities that leverage our technical underwriting
skills. Indeed in 2007, Aspen reported $663 million of gross
written premiums from International Insurance." The Marine &
Energy Insurance team underwrites hull, energy physical damage and
associated liability classes. Aspen's energy and marine clients are
drawn from around the world. 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, Ireland, the United
States, the United Kingdom, and Switzerland. For the year ended
December 31, 2007, Aspen reported gross written premiums of $1.8
billion, net income of $489.0 million and total assets of $7.2
billion. For more information about Aspen, please visit
http://www.aspen.bm/. 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. DATASOURCE: Aspen Insurance Holdings Limited CONTACT:
Tania Kerno, Head of Communications, +44-20-7184-8855, Noah Fields,
Head of Investor Relations, +1-441-297-9382, both of Aspen
Insurance Holdings Limited; Press Inquires, Sarah Gestetner,
Citigate Dewe Rogerson, +44-20-7638 9571, Eliza Johnson, Abernathy
MacGregor, +1-212-371-5999 Web site: http://www.aspen.bm/
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