Profile: Aspen Insurance Holdings Ltd (AHL)
21 Apr 2017
Aspen Insurance Holdings Limited, incorporated on May 23, 2002, is a holding company. The Company underwrites specialty insurance and reinsurance on a global basis. It manages its insurance and reinsurance businesses as two business segments: Aspen Insurance and Aspen Reinsurance (Aspen Re). Aspen Insurance consists of property and casualty insurance; marine, aviation and energy insurance, and financial and professional lines insurance. Aspen Re consists of property catastrophe reinsurance, other property reinsurance, casualty reinsurance, and specialty insurance and reinsurance. Its operating subsidiaries include Aspen Insurance UK Limited (Aspen U.K.), Aspen Underwriting Limited (AUL), Aspen Bermuda Limited (Aspen Bermuda), Aspen Specialty Insurance Company (Aspen Specialty), Aspen Re America, Inc. (Aspen Re America), Aspen Singapore Pte. Ltd. (Aspen Singapore), and Aspen American Insurance Company (AAIC). It also has branches in Australia, Canada, France, Germany, Ireland, Singapore, Switzerland and the United Arab Emirates.
The reinsurance segment consists of property catastrophe reinsurance (including the business written through Aspen Capital Markets), other property reinsurance (risk excess, pro rata and facultative), casualty reinsurance (U.S. treaty, international treaty and global facultative) and specialty reinsurance (credit and surety, agriculture insurance and reinsurance, marine, aviation, terrorism, engineering and other specialty lines). Aspen Re participates in alternative reinsurance market through Aspen Capital Markets, which is part of property catastrophe reinsurance line of business.
Under Aspen Re, property reinsurance business is assumed by Aspen Bermuda, Aspen U.K. and AUL, and written by teams located in Bermuda, France, Germany, Singapore, Switzerland, the United Kingdom, the United States, the United Arab Emirates and Australia. The property reinsurance business written in the United States is written exclusively by Aspen Re America as reinsurance intermediaries.
Casualty reinsurance is mainly assumed by Aspen U.K. and AUL and written by teams located in Singapore, Switzerland, the United Kingdom, the United States, the United Arab Emirates and Australia. A small number of casualty reinsurance contracts are written by Aspen Bermuda. The business written in the United States is produced by Aspen Re America.
Specialty reinsurance is assumed by Aspen Bermuda, Aspen U.K. and AUL and written by teams located in Ireland, Singapore, Switzerland, the United Kingdom, the United States, the United Arab Emirates and Australia. A small number of specialty reinsurance contracts are written by Aspen Bermuda. The reinsurance business written in the United States is produced by Aspen Re America. Specialty crop insurance business is written by AAIC and produced by AG Logic Holdings, LLC and its subsidiaries (AgriLogic), a wholly owned specialist United States admitted crop intermediary with an integrated agricultural consultancy, in the United States.
The insurance segment consists of property and casualty insurance; marine, aviation and energy insurance, and financial and professional lines insurance. The property and casualty insurance is written primarily in the London Market by Aspen U.K. and in the United States by AAIC and Aspen Specialty (on an admitted and excess and surplus lines basis, respectively). Its marine, aviation and energy insurance, and financial and professional lines insurance are written mainly by Aspen U.K. and AUL with most of the same lines also written in the United States by AAIC and Aspen Specialty. It also writes property, casualty and financial and professional lines business through Aspen Bermuda and marine, energy, financial and professional lines business through Aspen Singapore.
The property and casualty insurance line consists of the United States and the United Kingdom commercial property, commercial liability, the United States primary casualty, excess casualty, environmental liability, railroad liability, and programs business. The marine, aviation and energy insurance line consists of marine and energy liability, onshore energy physical damage, offshore energy physical damage, marine hull, specie, inland and ocean marine, and aviation. The financial and professional lines consists of financial and corporate risks, professional liability, management liability, credit and political risks, crisis management, accident and health, surety risks, and technology liability (cyber risks).
The Company competes with American International Group, Inc., Arch Capital Group Ltd., Axis Capital Holdings Limited, Chubb Limited, Endurance Specialty Holdings Ltd., Everest Re Group Limited, Hannover Re, Lancashire Holdings Limited, Munich Re, PartnerRe Ltd., QBE Insurance Group Limited, Renaissance Re Holdings Ltd., SCOR SA, Swiss Re, Validus Holdings Ltd., XL Catlin and Lloyd.
Aspen Insurance Holdings Ltd
141 Front Street