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Aspen Risk Management appoints Steve Cheshire as chief underwriter for Northern region

London, UK, April 2, 2012 – Aspen Risk Management Limited has appointed a new Head of Underwriting for its business in the North of England. Steve Cheshire joins the company today, based in its new Manchester office.

Steve Cheshire has more than 30 years’ experience in the industry. He previously worked for AXA and Zurich, and most recently at Allianz, where he was Regional Underwriting Manager for the North since 2000. He will report to Paul Dooley who has headed the Manchester office since it opened at the beginning of February.

Geoff Crisp, responsible for Aspen Risk Management’s regional offices, comments: “From our new base in Manchester, the North of England is a key area of opportunity for Aspen Risk Management. Steve is a well-regarded industry figure who will make a strong contribution to building our business in the region, in partnership with our carefully selected panel of brokers.”

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”).