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Aspen Risk Management opens Manchester office

London, UK, February 1, 2012 – Aspen Risk Management Limited today opens new premises in Manchester, the company’s fourth office outside of London. The opening represents a further expansion of the company’s regional Property and Liability business, which combines traditional commercial insurance along with risk management advice and services.

Geoff Crisp, responsible for Aspen Risk Management’s regional office network said: “Expanding our business to this key UK business hub is an exciting development, further positioning Aspen Risk Management as a growing insurance and risk management provider in the UK’s regions.

“Manchester has been ranked the second-best city in the UK to locate a business and the twelfth-best city in Europe. Opening an office in the city enables us to expand the range of insurance brokers we work with, and to bring our innovative combination of insurance and risk management services to their clients. We are delighted to have recruited Paul Dooley to head up the office,” he added.

The Manchester office is based at 3 Hardman Street, M3 3HF. Aspen Risk Management also has branches in London, Birmingham, Bristol and Glasgow. 

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 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 twelve months ended December 31, 2010, the company reported gross written premiums of $2,076.8 million, net income of $312.7 million and total assets of $8.8 billion. Its operating subsidiaries have been assigned a financial strength rating of “A” (“Strong”) by Standard & Poor’s, an “A2 (“Excellent”) by A.M. Best and an “A2” (“Good”) by Moody’s Investors Service.

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 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, 2010, filed with the US Securities and Exchange Commission on February 25, 2011.

Data source for Manchester statistics

European Cities Monitor, 2010, Cushman & Wakefield LLP

For further information please contact

Tim Dickenson, Global Head of Communications, Aspen

+44 20 7184 8034

Justin Griffiths, Citigate Dewe Rogerson

+44 20 7638 9571

Download the press release as a PDF