A.M. Best Revises Issuer Credit Rating Outlook to Stable for Aspen Insurance Holdings Limited and Its Subsidiaries
The ratings of AIUK, ABL, AAIC and ASIC reflect their integration with and strategic importance to
The revised outlooks on the Long-Term ICRs of the
Aspen’s balance sheet strength is underpinned by risk-adjusted capitalisation being at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), a prudent reserving philosophy and a low-risk investment portfolio. Additionally, the group benefits from an effective capital management policy and good financial flexibility.
Aspen’s business profile is supported by a well-diversified portfolio of property/casualty and specialty insurance and reinsurance business, as well as a good geographical footprint. Whilst the group is viewed as having a good competitive position in some of its key markets, its ability to successfully defend its market position has become increasingly difficult due to the challenging operating environment characterised by abundant capacity and intense competitive pressures from both traditional and alternative markets.
The following Long-Term IRs have been affirmed:
— “bbb” on
— “bbb” on
— “bb+” on
— “bb+” on
The following indicative Long-Term IRs under the universal shelf registration have been affirmed:
— “bbb” on senior unsecured debt
— “bbb-” on senior subordinated debt
— “bb+” on junior subordinated debt
— “bb+” on preferred stock
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
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