Aspen Opens Reinsurance Hub in Dubai and New Senior Appointments

Aspen Insurance Holdings Limited (“Aspen” or “the Company”) (NYSE:AHL) announced today that its reinsurance segment (“Aspen Re”) has opened a new hub for the Middle East and Africa in Dubai.

The establishment of a reinsurance hub in Dubai is consistent with Aspen Re’s strategy of maximizing opportunities in markets with profitable growth potential.

Stephen Postlewhite, Chief Executive Officer, Aspen Re, said: “We are delighted to have opened a reinsurance hub in Dubai. Aspen Re’s strategy is to enhance growth in regional areas and to build on our ability to identify and respond swiftly to emerging opportunities.

“We operate across a wide range of geographies and lines and this new hub will allow us to ensure that we remain close to our clients and continue to understand their needs. The Middle East and Africa region offer significant opportunities for profitable growth and we look forward to serving our clients in Dubai and beyond.”

In addition, three Senior Underwriting Managers have been appointed and will report to Abdallah Balbeisi, Senior Executive Officer – Head of Middle East and Africa.

Peter Thompson has more than 30 years’ experience in the industry and joins Aspen Re from Assicurazioni Generali. Peter specializes in complex property risks with a focus on risk management and innovative structured solutions.

Houcine Zouaoui joins Aspen Re from Gulf Re, where he was Senior Underwriter. He specializes in underwriting and managing a treaty portfolio across the Middle East and North Africa.

Attilio Tornetta specializes in underwriting and developing a facultative and treaty portfolio across Sub-Saharan Africa. He joins Aspen Re from Swiss Re and has previously worked as a site engineer before moving into the reinsurance industry with a focus on complex engineering risks.

Stephen commented: “Peter, Houcine and Attilio have extensive experience working in the region and we are pleased that they are joining Aspen Re at this exciting time as we build our presence from Dubai.”

Aspen was granted a license from the Dubai Financial Services Authority to operate in December 2015.

About Aspen Insurance Holdings Limited

Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through its subsidiaries and offices in Australia, Bermuda, 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, 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 contains "forward-looking" statements regarding future results and events, including, without limitation, statements regarding Aspen’s personnel and achievement of Aspen’s strategies and business plans. 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.

For further information:

Please visit www.aspen.co.

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