Profile: Aspen Insurance Holdings Ltd (AHL)

AHL on New York Consolidated

45.46USD
1 Sep 2015
Change (% chg)

$-0.45 (-0.98%)
Prev Close
$45.91
Open
$45.35
Day's High
$45.56
Day's Low
$45.19
Volume
79,891
Avg. Vol
315,701
52-wk High
$49.84
52-wk Low
$41.38

Search Stocks

Aspen Insurance Holdings Limited (Aspen Holdings), incorporated on May 23, 2002, is a Bermuda-based holding company. The Company conducts insurance and reinsurance business through its principal Operating Subsidiaries: Aspen U.K. and AUL, Aspen Bermuda (Bermuda) and Aspen Specialty and AAIC (the United States). The Company operates in the global markets for property and casualty insurance and reinsurance. The Company operates in two segments: Aspen Insurance and Aspen Reinsurance (Aspen Re).

Reinsurance

The Company’s Aspen Re consists of property catastrophe reinsurance, other property reinsurance, casualty reinsurance (the United States treaty, international treaty and global facultative) and specialty reinsurance (credit and surety, agriculture, marine, aviation and other specialty lines). The Property catastrophe reinsurance is written on a treaty excess of loss basis where it provides protection to an insurer for an agreed portion of the total losses from a single event in excess of a specified loss amount. Its Other property reinsurance includes property, engineering and construction risks written on excess of loss and proportional treaties, facultative or single risk reinsurance. Proportional treaty reinsurance provides proportional coverage to the reinsured, meaning that, subject to event limits where applicable and ceding commissions. Casualty reinsurance is written on an excess of loss, proportional and facultative basis and consists of the United States treaty, international treaty and casualty facultative reinsurance. The United States treaty business comprises exposures to workers’ compensation (including catastrophe), medical malpractice, general liability, auto liability, professional liability and excess liability including umbrella liability. Specialty reinsurance is written on an excess of loss and proportional basis and consists of credit and surety reinsurance, agriculture reinsurance and other specialty lines.

Insurance

The Company’s insurance segment consists of property and casualty insurance, marine, aviation and energy insurance and financial and professional lines insurance. The Company’s property and casualty insurance line consists of the United States and the United Kingdom commercial property and construction business, commercial liability, the United States specialty casualty, global excess casualty, environmental liability and programs business, written on a primary, excess, quota share, program and facultative basis. Property insurance provides physical damage and business interruption coverage for losses arising from weather, fire, theft and other causes. Commercial liability is primarily written in the United Kingdom and provides employers’ liability coverage and public liability coverage for insureds domiciled in the United Kingdom and Ireland. The United States specialty casualty account consists primarily of lines written within the primary, excess and umbrella liability insurance sectors. The global excess casualty line comprises insureds worldwide and covers risks, including general liability, commercial and residential construction liability, life science, railroads, trucking, product and public liability and associated types of cover found in general liability policies in the global insurance market. It also includes a portfolio of the United Kingdom and other non-United States employers’ liability and public liability coverage written through a managing general agent. The United States environmental account primarily provides contractors’ pollution liability and pollution legal liability across industry segments that have environmental regulatory drivers and contractual requirements for coverage including real estate and public entities, contractors and engineers, energy contractors and environmental contractors and consultants. The business is written in both the primary and excess insurance markets. The Company’s programs business writes property and casualty insurance risks for a select group of the United States-based program managers. These programs are managed as a distinct and separate unit.

The Company’s marine, aviation and energy insurance line comprises marine and energy liability, onshore energy physical damage, offshore energy physical damage, marine hull, specie, inland marine and ocean risks and aviation, written on a primary, excess, quota share, program and facultative basis. The marine and energy liability business -based in the United Kingdom includes marine liability cover mainly related to the liabilities of ship-owners and port operators, including reinsurance of Protection and Indemnity Clubs (P&I Clubs). It also provides liability cover globally for companies in the oil and gas sector, both onshore and offshore and in the power generation sector. The Company also offers services in onshore energy physical damage, offshore energy physical damage, marine hull, specie, inland marine and ocean risks, aviation, financial and professional lines insurance, financial and corporate risks, professional liability, management liability, credit and political risks, accident and specialty risks and surety risks.

The Company competes with Arch Capital Group Ltd., Axis Capital Holdings Limited (Axis), Endurance Specialty Holdings Ltd. (Endurance), Everest Re Group Limited, Lancashire Holdings Limited, Montpelier Re Holdings Limited, PartnerRe Ltd., Platinum Underwriters Holdings Ltd., Renaissance Re Holdings Ltd., Validus Holdings Ltd. and XL Capital Ltd. (XL).

Company Address

Aspen Insurance Holdings Ltd

141 Front Street
HAMILTON     HM19
P: +1441.2958201
F: +1441.2951829

Company Web Links

Search Stocks