Aspen Releases 2014 Loss Development Triangles
September 08 2015 - 8:30AM
Business Wire
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) has
published its 2014 Loss Development Triangles (the “Loss
Triangles”) on its website within the Investor Relations
section.
The Loss Triangles provide stakeholders with additional insight
into the reserves held on Aspen’s balance sheet as at December 31,
2014. They present eight reserving lines of business which fall
within Aspen’s two reporting segments, Insurance and
Reinsurance.
The Loss Triangles provide data on earned premiums, paid losses,
case reserves and incurred losses on an accident year basis on a
gross, ceded and net basis. They also include total incurred but
not reported (IBNR) reserves as at December 31, 2014, both gross
and net of applicable reinsurance, together with development
triangles for paid and incurred losses on a gross basis.
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, 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 may contain written “forward-looking
statements” within the meaning of the U.S. federal securities laws.
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,” “assume,” “objective,”
“target,” “intend,” “plan,” “believe,” “do not believe,” “project,”
“anticipate,” “seek,” “will,” “likely,” “estimate,” “may,”
“guidance,” “outlook,” “trends,” “future,” “could,” “would,”
“should,” “aim,” “continue,” “on track” 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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version on businesswire.com: http://www.businesswire.com/news/home/20150908005817/en/
AspenPlease visit www.aspen.co or
contact:AspenInvestorsMark Jones, +1-646-289-4945Senior Vice
President, Investor
Relationsmark.p.jones@aspen.coorMediaSteve Colton, +44 20
7184 8337Group Head of
CommunicationsSteve.Colton@aspen.coorInternational – Citigate Dewe
RogersonCaroline Merrell or Jos Bieneman, +44 20 7638
9571caroline.merrell@citigatedr.co.ukjos.bieneman@citigatedr.co.ukorNorth
America – Abernathy MacGregorCarina Davidson or Allyson Vento,
+1-212-371-5999ccd@abmac.comamv@abmac.com
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