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Aspen Risk Management Launches a New Range of Professional Indemnity Products

London, UK, 8 November 2012 – Aspen Risk Management Limited (ARML) has launched a new range of Professional Indemnity products with a number of new features.

As well as standard PI cover with capacity of up to £10 million, ARML includes the following enhancements as part of the product offer:

  • Commercial legal expenses cover (£250,000 included as standard);
  • Legal advice by telephone or online; 
  • Data back-up and recovery service; 
  • HR advice, including online training for staff covering health and safety;
  • Access to the full range of on line health and safety and business continuity planning services provided by ARML; and 
  • Confidential counselling help line for staff. 

On top of these benefits, which ARML now offers to all its clients, D&O and other liability covers can be added as optional extensions on these contracts.

Kevin Pallett, Managing Director of Aspen Risk Management Limited, comments: “By adding risk management, legal, and health and safety benefits to our PI offering, we can now provide PI policyholders with the same range of options as our full commercial combined clients.

“This provides our brokers with even greater flexibility and choice so they can offer their clients a differentiated product that will more closely meet their needs. We believe that we now have one of the most comprehensive and wide ranging propositions in the PI market”.

About Aspen Risk Management Limited

Aspen Risk Management Limited is part of the Aspen group (the ultimate parent company is Aspen Insurance Holdings Limited, see below). Aspen Risk Management combines traditional commercial insurance with a comprehensive range of risk management facilities, distributed in partnership with a select panel of insurance brokers. This includes a broad spectrum of market leading property, casualty and specialty insurance products, along with health and safety and business continuity protection. The company, which has offices in London, Birmingham, Bristol, Glasgow and Manchester, has been granted Chartered Insurers status by the Chartered Insurance Institute.

About Aspen Insurance Holdings Limited (“Aspen”)

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, 2011, Aspen reported $9.5 billion in total assets, $4.5 billion in gross reserves, $3.2 billion in shareholders’ equity and $2.2 billion in gross written premiums. Its operating subsidiaries have been assigned a rating of “A” (“Strong”) by Standard & Poor’s (“S&P”), an “A” (“Excellent”) by A.M. Best and an “A2” (“Good”) by Moody’s Investors Service (“Moody’s”).

Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995

This press release may contain written, and Aspen's officers may make related oral, "forward-looking statements" within the meaning of the US federal securities laws regarding its business plans. 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, including changes in market conditions, their impact on our business and ability to execute our business plans. 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 for the year ended December 31, 2011, filed with the US Securities and Exchange Commission on February 28, 2012.

For further information please contact:

Citigate Dewe Rogerson

Tel: +44(0)20 7638 9571