Aspen Appoints Peter O’Flinn to Board of Directors
April 29 2009 - 2:53PM
Business Wire
Aspen Insurance Holdings Limited (�Aspen�) (NYSE:AHL) today
announced that the Company�s Board of Directors (�the Board�) has
appointed Mr. Peter R. O�Flinn to the Board in a non-executive
capacity. He was also appointed to the Audit Committee and Chair of
the Corporate Governance and Nominating Committee. Mr. O�Flinn is
the former co-chairman of LeBoeuf, Lamb, Greene & MacRae LLP, a
global law firm and the predecessor of Dewey & LeBoeuf.
Mr. Glyn Jones, Chairman of the Board commented: �Peter joins us
with extensive experience in U.S. securities law and insurance
regulatory matters. His background is unique to the Board�s
collective skill-set and gives us further depth and experience with
which to advise the Aspen management team. I very much look forward
to working with him.�
As a legal professional with over 25 years of experience, Mr.
O�Flinn has worked with and counseled many of those who have
impacted the growth and transformation of the insurance industry,
including company managements, state and federal regulators,
investment banks, accountants, actuaries, private equity firms and
rating agencies, both in the United States and internationally. Mr.
O�Flinn is currently on the Board of Directors and Audit Committees
of Euler ACI Holdings, Inc. (the U.S. subsidiary of Euler Hermes)
and Sun Life Insurance and Annuity Company of New York (a
subsidiary of Sun Life of Canada).
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in
various domestic and global markets through wholly-owned
subsidiaries and offices in Bermuda, France, Ireland, the United
States, the United Kingdom, Singapore and Switzerland. For the
twelve months ended December 31, 2008, Aspen reported gross written
premiums of $2.0 billion, net income of $103.8 million and total
assets of $7.3 billion. For more information about Aspen, please
visit www.aspen.bm.
Application of the Safe Harbor of the Private Securities
Litigation Reform Act of 1995
This press release contains written, and Aspen's officers may
make related oral, "forward-looking statements" within the meaning
of the U.S. federal securities laws regarding its appointment of a
non-executive director. 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 Aspen's 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 Aspen's Annual Report on Form 10-K for
the year ended December 31, 2008, filed with the U.S. Securities
and Exchange Commission on February 26, 2009.
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