Draft:Aspen Insurance Holdings
Submission declined on 20 November 2024 by Chaotic Enby (talk).
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Comment: Needs sources other than press releases to show notability. Chaotic Enby (talk · contribs) 19:05, 20 November 2024 (UTC)
| Industry | Insurance |
|---|---|
| Founded | 2002 |
Key people | Mark Cloutier (Group Chairman, CEO), Christian Dunleavy (Group President), Mark Pickering (CFO) |
| $368 million (2023) | |
| $485 million (2023) | |
| Total assets | $15.2 billion (2023) |
Number of employees | 1,058 (June 2024) |
| Website | Aspen Official Website |
Aspen Insurance Holdings
[edit]Aspen Insurance Holdings is a Bermuda-headquartered specialty insurance and reinsurance company. It has operations in Bermuda, the United States, Europe, and Singapore, and writes business internationally.[1]
History
[edit]Aspen was founded in 2002[2]. In 2003, Aspen Insurance went public on the New York Stock Exchange under the ticker symbol AHL. [3] In 2018, it was acquired by Apollo Global Management for an equity value of approximately $2.6 billion.[4]
Following the acquisition, Chris O’Kane stepped down as Group Chief Executive,[5] and Mark Cloutier replaced him as Group CEO and Chairman.[6]
In 2022, Aspen completed a loss portfolio transfer agreement (LPT) with Enstar Group Ltd.[7] with Enstar assuming net loss reserves of $3.12 billion.[8]
In July 2024, Aspen announced leadership changes, appointing Christian Dunleavy as Group President [9] and Mark Pickering as Chief Financial Officer and Treasurer. [10]
Ratings
[edit]In 2022, S&P affirmed Aspen Bermuda, AAIC, and Aspen UK with financial strength ratings of "A-" (Strong) with a stable outlook.[11] In July 2024, A.M. Best affirmed the financial strength rating of "A" (Excellent) for Aspen Bermuda, Aspen UK, Aspen Specialty, and AAIC.[12]
Operations
[edit]As of 2024, Aspen employs over 1,000 people globally.[13]
References
[edit]- ^ "Aspen Insurance Holdings Overview". Retrieved 2024-11-19.
- ^ "Aspen About". Insurance Business. Retrieved 20 November 2024.
- ^ "Aspen About". Blackstone. Retrieved 20 November 2024.
- ^ "A4pollo Global Management Completes Acquisition of Aspen Insurance". Apollo Global Management. Retrieved 20 November 2024.
- ^ "Aspen Announces Leadership Transition". Insurance Journal. Retrieved 20 November 2024.
- ^ "Aspen Announces Leadership Transition". Insurance Age. Retrieved 20 November 2024.
- ^ "Aspen Finalizes Loss Portfolio Transfer Agreement with Enstar". Enstar Group. Retrieved 20 November 2024.
- ^ "Aspen Finalizes Loss Portfolio Transfer Agreement with Enstar". Insurance Journal. Retrieved 20 November 2024.
- ^ "Aspen Tweaks Leadership". Insurance Business. Retrieved 20 November 2024.
- ^ "Aspen promotes Dunleavy and Pickering". Insurance Insider U.S. Retrieved 20 November 2024.
- ^ "AHL 20-F" (PDF). Aspen. Retrieved 20 November 2024.
- ^ "A.M. Best Affirms Ratings for Aspen Units". A.M. Best. Retrieved 20 November 2024.
- ^ "Aspen Insurance Overview 2024" (PDF). Aspen Insurance Holdings. Retrieved 20 November 2024.
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