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Aspen Risk Management Makes Senior PI Appointment

London, UK, September 12, 2012 – Aspen Risk Management Limited (ARML) is pleased to announce the appointment of Lee Chelton as Head of Regional Professional Indemnity (PI).

Lee Chelton 

Lee joins ARML from Hiscox where he spent 11 years, most recently as a Senior Development Underwriter. During his 30-year career, Lee has also held positions with Sun Alliance, Dominion Insurance and Independent Insurance. 

Based in ARML’s Bristol office, and reporting to Managing Director Kevin Pallett, Lee will be responsible for establishing a range of clearly differentiated professional indemnity products which are planned to be launched before the end of the year.

Lee joins a growing team in Bristol which offers a full range of property, casualty, engineering, computer, and D&O covers to brokers backed up by an extensive range of risk management and health and safety services for medium-sized clients.  ARML’s other regional offices are in London, Birmingham, Manchester and Glasgow.

Kevin Pallett, Managing Director of Aspen Risk Management Limited, comments “I am delighted to welcome Lee to the team.  His appointment is part of our overall strategy to expand the range of products and services that we offer to our selected broker panel, providing them with an exclusive, genuine alternative to the competition.” 


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 1995This 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 appointment of personnel, its products and 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 and their impact on our business. 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:

Justin Griffiths or Kate Lehane, Citigate Dewe Rogerson

Tel: +44(0)20 7638 9571