A.M. Best Increases Rating of Aspen Insurance Limited and Maintains Rating of Aspen Insurance UK Limited with Stable Outlook.HAMILTON, Bermuda -- Aspen Insurance Holdings Limited (NYSE NYSE See: New York Stock Exchange :AHL AHL American Hockey League AHL Action Half-Life (Half-Life modification) AHL Acyl Homoserine Lactone AHL Aramark Harrison Lodging AHL Acylated Homoserine Lactone AHL Association for the History of Language AHL Architects Hawaii Ltd ) today announced that A.M. Best has increased the financial strength rating of Aspen's Bermuda subsidiary, Aspen Insurance Limited, to 'A' with a "Stable" outlook, and affirmed the 'A' rating of Aspen Insurance UK Limited and upgraded the outlook to "Stable". These actions harmonise the ratings of both entities. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. A.M. Best the ratings reflect the excellent financial strength of the consolidated Aspen group, the operating performance of the Bermuda and UK companies, anticipation of continued strong underwriting results, the strength of the Aspen brand and its well diversified business model. Richard Houghton, Chief Financial Officer of Aspen said, "We believe that the 'A' ratings from A.M. Best are important endorsements of Aspen's strategy and financial strength." About Aspen Insurance Holdings Limited Aspen provides reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the United Kingdom, and Switzerland. For the nine months ended September 30, 2007, Aspen reported gross written premiums of $1.5 billion, net income of $353.8 million and total assets of $7.3 billion. For more information about Aspen, please visit www.aspen.bm. Aspen's Ratings Aspen Insurance UK Limited Aspen Insurance Limited A (Strong) Standard & Poor's A (Strong) Standard & Poor's A (Excellent) A.M. Best A (Excellent) A.M. Best A2 (Good) Moody's A2 (Good) Moody's Aspen Specialty Insurance Company A- (Excellent) A.M. Best Application of the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This press release contains written, and Aspen's officers may make related oral, "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the U.S. federal securities laws regarding its capital management plans, its outlook and financial results. 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. 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2006, filed with the U.S. Securities and Exchange Commission on February 22, 2007. |
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