Aspen to Expand Its Insurance Operation into Singapore and New Senior Appointments

Entry on Lloyd’s Asia platform

HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen” or the “Aspen Group”) (NYSE:AHL) has today announced the entry of its insurance segment, Aspen Insurance, into Singapore through Aspen’s Lloyd’s syndicate on the Lloyd’s Asia platform from 1 January 2016, subject to regulatory approval.

The establishment of Aspen’s insurance presence in Singapore is consistent with Aspen’s strategy of leveraging its existing strength and expertise in certain product lines in its target markets globally. Aspen Insurance’s Singapore operation will initially focus on the provision of Onshore and Offshore Energy, Marine Hull, Accident and Health, Terrorism, Financial and Corporate Risks, Professional Indemnity, Technology, Data Protection and Cyber and Credit and Political Risk insurance risks.

Ann Haugh, President, Aspen International Insurance and Chief Operating Officer, Aspen Insurance, said: “In Singapore we will continue to deliver the highest standards of underwriting and customer service for which we are known, offering expertise to clients and brokers locally.”

She added: “We look forward to engaging with brokers and focusing on the opportunities created by our closer proximity to existing and new clients.”

The Singapore insurance operation will be led by Yann Marmonier, who is joining Aspen as Principal Officer and Managing Director. Yann was previously Singapore Country Manager at XL Catlin. Prior to this, he held senior roles with Catlin in Singapore, including branch Chief Executive Officer.

Paul Hackett has been appointed Head of Marine for the Singapore office and was most recently at XL Catlin in Singapore. He previously spent almost 20 years with RSA in underwriting and management positions.

Ann Haugh commented: “Yann and Paul have proven experience and strong track-records in developing businesses in Singapore and I am delighted that they are joining Aspen Insurance at this exciting time.”

About Aspen Insurance Holdings Limited

Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through its subsidiaries and offices in Australia, Bermuda, France, Germany, Ireland, Singapore, Switzerland, the United Kingdom and the United States. For the year ended December 31, 2014, Aspen reported $10.7 billion in total assets, $4.8 billion in gross reserves, $3.4 billion in total shareholders’ equity and $2.9 billion in gross written premiums. Its operating subsidiaries have been assigned a rating of “A” (“Strong”) by Standard & Poor’s Financial Services, an “A” (“Excellent”) by A.M. Best Company Inc. and an “A2” (“Good”) by Moody’s Investor Service, Inc.

Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking" statements regarding future results and events, including, without limitation, statements regarding its personnel and achievement of Aspen’s strategies and business plans. 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,” “do not believe,” “aim,” “project,” “anticipate,” “seek,” “will,” “likely,” “assume,” “estimate,” “may,” “continue,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target” 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 press release, please see the “Risk Factors” section in Aspen’s Annual Report on Form 10-K for the year ended December 31, 2014 filed with the U.S. Securities and Exchange Commission on February 23, 2015. Aspen undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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Source: Aspen Insurance Holdings Limited