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The plan, adopted by Chris O’ Kane on June 12, 2012, will allow an agent to effect the exercise of Aspen stock options from time to time granted to him in August 2003 due to expire in August 2013. Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France,...
HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) today announces
that its Chief Executive Officer, Chris O’Kane, has entered into a plan
that will authorize an agent to exercise stock options that are near
expiration under a pre-arranged stock trading plan under Rule 10b5-1 of
the US Securities and Exchange Act of 1934.
The plan, adopted by Chris O’Kane on June 12, 2012, will allow an agent
to effect the exercise of Aspen stock options from time to time granted
to him in August 2003 due to expire in August 2013. Under this plan,
stock sales are intended to be spread over a period of time. Rule 10b5-1
allows corporate executives to adopt pre-arranged stock trading plans to
buy or sell shares of company stock when they are not in possession of
material, non-public information.
Aspen provides reinsurance and insurance coverage to clients in various
domestic and global markets through wholly-owned subsidiaries and
offices in Bermuda, France, Germany, Ireland, Singapore, Switzerland,
the United Kingdom and the United States. For the year ended December
31, 2011, Aspen reported $9.5 billion in total assets, $4.5 billion in
gross reserves, $3.2 billion in shareholders’ equity and $2.2 billion in
gross written premiums. Its operating subsidiaries have been assigned a
rating of “A” (“Strong”) by Standard & Poor’s, an “A” (“Excellent”) by
A.M. Best and an “A2” (“Good”) by Moody’s Investors Service.
Application of the Safe Harbor of the Private Securities Litigation
Reform Act of 1995
This press release may contain written “forward-looking statements”
within the meaning of the US 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,” “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
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, including changes in market conditions. 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, 2011, filed with the US Securities and Exchange
Commission on February 28, 2012. Aspen undertakes no obligation to
update or revise publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.
For further information
Please visit www.aspen.co
AspenInvestors:Kerry Calaiaro, +1 646 502 1076Senior
Vice President, Investor RelationsKerry.Calaiaro@aspen.coorMedia:Tim
Dickenson, +44 20 7184 8034Global Head of CommunicationsTim.Dickenson@aspen.coorEurope
and Asia – Citigate Dewe RogersonJustin Griffiths, +44 20 7638 9571Justin.Griffiths@citigatedr.co.ukorNorth
America – Abernathy MacGregorAllyson Vento, +1 212 371 firstname.lastname@example.org
Source: Aspen Insurance Holdings Limited