Brokers/Clients Login

Aspen Risk Management launches worldwide goods-in-transit policy

London, UK, 28 January 2013 – Aspen Risk Management Limited (ARML) has launched a specially designed and innovative worldwide goods-in-transit policy written in Plain English and accredited with the Crystal Mark.

The Crystal Mark was launched in 1990 as an endorsement of the clarity of a document from the Plain English Campaign. The Campaign describes the Mark as a sign of a "clear layout and design, and language appropriate for the intended audience". Whereas historically Marine Insurance has been expressed in rather archaic terms referring to the Marine Institute Calluses and the Marine Insurance Act of 1906, ARML’s policy is clear and concise.

The policy cover is on an "All Risks" basis, and includes the following enhancements as part of the product offer which can be tailored to client’s needs:

  • Imports and exports
  • UK sales and purchases
  • Non-sales and intercompany movements as well as movements between their own premises
  • Storage in the UK or overseas
  • Installation
  • Exhibitions (£50,000 limit is automatically provided)

On top of these benefits, policyholders also have access to the risk management, health and safety and business continuity services which ARML now offers to all its clients.

Kevin Pallett, Managing Director of Aspen Risk Management Limited, comments: "It’s important that brokers and clients don’t rely on suppliers, carriers or hauliers when it comes to covering goods in transit as those arrangements can often come up short.

"That’s why we have designed a unique policy which, with the accreditation from the Plain English Campaign, means you don’t have to be a marine expert to understand the wording. The policy is clearly written and easy to understand with clear and concise extensions, conditions and exceptions."

– Ends –

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
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.

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.

For further information please contact:

Citigate Dewe Rogerson
aspen@citigatedr.co.uk
Tel: +44(0)20 7638 9571