Aspen Reinsurance (“Aspen Re”), the reinsurance segment of Aspen Insurance Holdings Limited (“Aspen”) (NYSE: AHL), announces that its Aspen Capital Markets division renewed Silverton Re Ltd. (“Silverton Re”) for 2017.

Silverton Re, a Bermuda-domiciled special purpose insurer, was established in December 2013 to provide additional collateralized capacity to support Aspen Re’s global reinsurance business.

Silverton Re was renewed in December 2016 with $130 million of capital raised to write a quota share of Aspen Re’s property catastrophe portfolio for 2017, which compares with the $125 million of capital raised in December 2015. Aspen is investing $25 million with the additional funding secured from third-party investors. Aon Securities Inc. acted as the placement agent. The capital is being raised through the issuance of Series 2017-1 Participating Notes which will mature on September 16, 2019.

Silverton Re will enter into a quota share retrocession agreement with Aspen Bermuda Limited and Aspen Insurance UK Limited under which Silverton Re will reinsure a proportionate share of Aspen Re’s globally diversified property catastrophe excess of loss portfolio.

Thomas Lillelund, Chief Executive Officer, Aspen Re, said: “When we established Aspen Capital Markets over three years ago, our objective was to develop alternative reinsurance structures to leverage our existing underwriting franchise, increase our operational flexibility in the capital markets and provide investors with direct access to our underwriting expertise.

“Silverton Re is an integral part of this strategy and gives investors access to diversified natural catastrophe risk backed by the distribution, underwriting, analytical and research expertise of Aspen Re. We are delighted with the progress that Brian Tobben and the Aspen Capital Markets team have made to date as we continue to develop strong partnerships with new investors.”

This release is not an offer of securities for sale into the United States or elsewhere. No securities may be offered or sold in the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”), including pursuant to the private offering exemption provided by Section 4(a)(2) of the Securities Act and the provisions of Regulation D promulgated thereunder.

NOTES TO EDITORS:

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 Australia, Bermuda, Canada, France, Germany, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. For the year ended December 31, 2015, Aspen reported $11.0 billion in total assets, $4.9 billion in gross reserves, $3.4 billion in shareholders’ equity and $3.0 billion in gross written premiums. Its operating subsidiaries have been assigned a rating of “A” by Standard & Poor’s Financial Services LLC, an “A” (“Excellent”) by A.M. Best Company Inc. and an “A2” by Moody’s Investors 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,” “intend,” “plan,” “believe,” “do not believe,” “project,” “anticipate,” “seek,” “will,” “estimate,” “may,” “likely,” “continue,” “assume,” “objective,” “aim,” “guidance,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “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, 2015 filed with the U.S. Securities and Exchange Commission on February 19, 2016. 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 contact:InvestorsAspenMark Jones, Senior Vice President, Investor Relations,+1 (646) 289 4945mark.p.jones@aspen.coMediaAspenSteve Colton, Head of Group Communications+44 20 7184 8337steve.colton@aspen.co

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