Aspen Insurance Holdings Limited: Directorate Appointment
July 24 2013 - 10:12AM
Business Wire
Aspen Insurance Holdings Limited (“Aspen” or the “Company”)
(NYSE: AHL) announces a directorate appointment.
Aspen announces that Bret Pearlman has been appointed as a
non-executive director of the Company. Mr. Pearlman will also be a
member of Aspen’s Corporate Governance and Nominating Committee and
the Investment Committee.
Mr. Pearlman is a Managing Director and co-founder of the
private equity firm, Elevation Partners. He has extensive
experience as a private equity investor in large-scale transactions
during his twenty year career. Mr. Pearlman joined The Blackstone
Group in 1989 as the firm's first analyst and from 2000 through
mid-2004, he was one of a number of Senior Managing Directors whose
primary responsibility was investing Blackstone's private equity
funds. Blackstone was a founding investor in Aspen and Mr. Pearlman
served as the firm’s representative on Aspen’s Board from June 2002
until July 2004. Since co-founding Elevation in 2004, Mr. Pearlman
has served as Chair and a board member of VGH Holdings and he is
currently on the board of directors of Forbes Media.
Glyn Jones, Chairman of Aspen, said: “I am delighted that Bret
is joining the Aspen Board. His wealth of financial services
experience, in particular in the area of private equity where he
has had significant exposure to a broad range of issues including
performance management, corporate finance and capital management,
will be a great asset to Aspen. I would like to welcome Bret back
to the Aspen Board and I look forward to working with him in the
future.”
About Aspen Insurance Holdings Limited (“Aspen”)
Aspen provides reinsurance and insurance coverage to clients in
various domestic and global markets through wholly-owned
subsidiaries and offices in Bermuda, France, Germany, Ireland,
Singapore, Switzerland, the United Kingdom and the United States.
For the year ended December 31, 2012, Aspen reported $10.3 billion
in total assets, $4.8 billion in gross reserves, $3.5 billion in
shareholders’ equity, and $2.6 billion in gross written premiums.
Its operating subsidiaries have been assigned a rating of “A”
(“Strong”) by Standard & Poor’s, an “A” (“Excellent”) by A.M.
Best and an “A2” (“Good”) by Moody’s Investors Service.
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 Board appointments. 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,” “likely,” “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 our ability to
consummate the transactions contemplated by the terms of the
accelerated share repurchase agreement, the share price and share
volumes which may impact timing of repurchases, changes in market
conditions and the impact on our business of such factors. 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, 2012, filed with the U.S.
Securities and Exchange Commission on February 26, 2013. Aspen
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Please visit www.aspen.co or:InvestorsAspenKerry
Calaiaro, Senior Vice President, Investor
Relations646-502-1076Kerry.Calaiaro@aspen.coorMediaAspenSteve
Colton, Head of Communications+44 20 7184
8337Steve.Colton@aspen.coorInternational – Citigate Dewe
RogersonCaroline Merrell or Jos Bieneman+44 20 7638
9571caroline.merrell@citigatedr.co.ukjos.bieneman@citigatedr.co.ukorNorth
America – Abernathy MacGregorAllyson
Vento212-371-5999amv@abmac.com
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