Aspen US Insurance Announces Partnership with Brownstone Insurance Agency to Offer Tailored Solutions to Property Owners

<table cellspacing=0 cellpadding=0 border=0><tr><td align=right>Copyright: </td><td>Copyright Business Wire 2011</td></tr><tr><td align=right>Source: </td><td>Business Wire, Inc.</td></tr><tr><td align=right>Wordcount: </td><td>686</td></tr></table><!-- start_body --><br><p><location value="LU/us.ny.nyc" idsrc="xmltag.org">NEW YORK</location>--(BUSINESS WIRE)-- <org>Aspen US Insurance</org> (“Aspen”) announced that <location value="LU/us.co.aspen" idsrc="xmltag.org">Aspen</location> and <org>Brownstone Insurance Agency</org> have formed a partnership effective <chron>September 1</chron>^st, to bring their combined underwriting and claims expertise to the commercial residential property market. </p><p> This new partnership allows <org>Brownstone Insurance Agency</org> (“Brownstone”) to increase the depth of service and coverage that Brownstone offers to its clients and provides opportunity for innovation and expansion. Brownstone has been providing insurance coverage for commercial residential properties since 1973. With offices in <location value="LU/us.ny.nyc" idsrc="xmltag.org">New York City</location>, <location value="LU/us.nj.hobken" idsrc="xmltag.org">Hoboken</location> and <location value="LU/us.ma.boston" idsrc="xmltag.org">Boston</location>, Brownstone offers coverage throughout <location value="LU/us.ny.nyc" idsrc="xmltag.org">New York</location>, <location value="LS/us.nj" idsrc="xmltag.org">New Jersey</location>, <location value="LS/us.ct" idsrc="xmltag.org">Connecticut</location>, <location value="LS/us.ma" idsrc="xmltag.org">Massachusetts</location> and <location value="LS/us.ri" idsrc="xmltag.org">Rhode Island</location>. </p><p> “We have been serving the commercial residential property market for nearly 40 years,” explained <person>John Simone</person>, Managing Director of Brownstone’s <location value="LU/us.ny.nyc" idsrc="xmltag.org">New York</location> office. “This has allowed us to develop underwriting, claims and loss control expertise in this class of business. <location value="LU/us.co.aspen" idsrc="xmltag.org">Aspen</location> is the perfect fit for our program as Aspen’s focus on the specialty segment delivers risk expertise and service that matches how we deliver our product to the market.” </p><p> “Our affiliation with Brownstone is a great example of Aspen’s new admitted strategy at work,” commented <person>Mario P. Vitale</person>, President of <org>Aspen US Insurance</org>. “Our offering to clients is predicated on an integrated approach to underwriting and claims focused on specialty segments of the market where brokers and customers are seeking value added solutions. The Brownstone program is designed to deliver tailored solutions to the commercial residential property market.” </p><p> For more information about the <org>Brownstone Insurance Agency</org>, call (212) 962-5620 or visit <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.brownstoneagency.com&esheet=50037510&lan=en-US&anchor=http%3A%2F%2Fwww.brownstoneagency.com&index=1&md5=2ba91d1de3589d3083fa78d3032ae5d8">http://www.brownstoneagency.com</a>. </p><p><b>About <org>Aspen U.S. Insurance</org></b></p><p> Aspen U.S. writes property, casualty and specialty insurance in the U.S. on both a surplus lines and admitted basis through <org>Aspen Specialty Insurance Company and Aspen American Insurance Company</org>. In the last 18 months a number of teams have been hired with a specialized focus on underwriting opportunities in Inland Marine and Ocean Risks, Professional Liability, Management Liability and Director’s and <org>Officers Insurance</org> which are underwritten in addition to established lines of Property, General Casualty and Environmental Liability. For more information, please visit <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.aspen.co&esheet=50037510&lan=en-US&anchor=http%3A%2F%2Fwww.aspen.co&index=2&md5=6462595b656352e4b896fa1007c70c77">http://www.aspen.co</a>. </p><p><b>About <org value="NYSE:AHL" idsrc="xmltag.org">Aspen Insurance Holdings Limited</org></b></p><p> The Company provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in <location value="LC/bm" idsrc="xmltag.org">Bermuda</location>, <location value="LC/fr" idsrc="xmltag.org">France</location>, <location value="LC/de" idsrc="xmltag.org">Germany</location>, <location value="LC/ie" idsrc="xmltag.org">Ireland</location>, <location value="LC/sg" idsrc="xmltag.org">Singapore</location>, <location value="LC/ch" idsrc="xmltag.org">Switzerland</location>, the <location value="LC/gb" idsrc="xmltag.org">United Kingdom</location> and <location value="LC/us" idsrc="xmltag.org">the United States</location>. For the twelve months ended <chron>December 31, 2010</chron>, the Company reported gross written premiums of <money>$2,076.8 million</money>, net income of <money>$312.7 million</money> and total assets of <money>$8.8 billion</money>. Its operating subsidiaries have been assigned a financial strength rating of “A” (“Strong”) by Standard & Poor's, an “A” (“Excellent”) by <org value="ACORN:879856307" idsrc="xmltag.org">A.M. Best</org> and an “A2” (“Good”) by Moody's Investors Service. </p><p><b>Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995</b>: </p><p> This press release contains written, and <location value="LU/us.co.aspen" idsrc="xmltag.org">Aspen's</location> officers may make related oral, "forward-looking statements" within the meaning of the U.S. federal securities laws regarding its execution of its business plans. 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, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside <location value="LU/us.co.aspen" idsrc="xmltag.org">Aspen's</location> control that could cause actual results to differ materially from such statements, including changes in market conditions and their impact on our business. For a detailed description of uncertainties and other factors that could impact the forward-looking statements in this release, please see the "Risk Factors" section in <location value="LU/us.co.aspen" idsrc="xmltag.org">Aspen's</location> Annual Report on Form 10-K for the year ended <chron>December 31, 2010</chron>, filed with the <org>U.S. Securities and Exchange Commission</org> on <chron>February 25, 2011</chron>. </p><p></p><p></p><p class="bwalignc"></p><p></p><p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20111020006283r1&sid=acqr4&distro=nx" /><span class="bwct31415" /></p><p><b>Investor</b><b>:</b><br /><b><org value="NYSE:AHL" idsrc="xmltag.org">Aspen Insurance Holdings Limited</org></b><br /><person>Kerry Calaiaro</person>, <b>+1 646-502-1076</b><br />Senior Vice President, Investor Relations<br /><a href="mailto:[email protected]"><b>[email protected]</b></a><br />or<br /><b><org>European Press</org></b><b>:</b><br /><b><org value="ACORN:2197510818" idsrc="xmltag.org">Citigate Dewe Rogerson</org></b><br /><person>Justin Griffiths</person>, <b>+44 (0) 20 7638 9571</b><br /><b>or</b><br /><b><org>North American Press</org></b><b>:</b><br /><b><org value="ACORN:3923196495" idsrc="xmltag.org">Abernathy MacGregor</org></b><br /><person>Carina Davidson</person>/<person>Allyson Morris</person>, <b>+1 212-371-5999</b></p><p>Source: <org value="NYSE:AHL" idsrc="xmltag.org">Aspen Insurance Holdings Limited</org></p>