Aspen Releases 2015 Loss Development Triangles
September 15 2016 - 7:30AM
Business Wire
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) has
published its 2015 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,
2015. 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 reserves as at December 31, 2015, 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 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 total 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 Investor Service, Inc.
Application of the Safe Harbor of the Private Securities
Litigation Reform Act of 1995
This press release may contain "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,” “aim,” “project,” “anticipate,” “seek,” “will,” “likely,”
“assume,” “estimate,” “may,” “continue,” “guidance,” “objective,”
“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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160915005352/en/
For further
information:Please visit www.aspen.co or
contact:InvestorsAspenMark Jones, +1-646-289-4945Senior Vice
President, Investor
Relationsmark.p.jones@aspen.coorMediaAspenSteve Colton, +44
20 7184 8337Group Head of CommunicationsSteve.Colton@aspen.co
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