Aspen Insurance Holdings Limited · Hamilton Bermuda ·(NYSE: AHL)
Company Description
Phone: +1-441-295-8201
Fax: +1-441-295-1829
View Aspen Insurance Holdings Limited Locations On A US Map
This link will open in a new window
This link will open in a new window Based in tax-sheltered Bermuda, Aspen Insurance Holdings is your guide down the slippery slopes of insurance. Through subsidiaries that include Aspen Re, Aspen Bermuda, and Aspen Specialty, the company provides property/casualty insurance, specialty insurance, and reinsurance to customers around the world. Its property/casualty reinsurance lines are offered in global markets, as are its specialty insurance products, which include marine, energy and liability, aviation, and specialty reinsurance. Aspen offers commercial property/casualty insurance primarily in the US and UK domestic markets. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Aspen Insurance Holdings Limited Financials
| Company Type | Public - NYSE: AHL Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $1,785.2 |
| 2008 Employees | 550 |
Aspen Insurance Holdings Limited Executives
28 executives listed for Aspen Insurance Holdings Limited's Hamilton, location.
| Title | Name & Bio | Contact |
| Chairman | Glyn Jones | Network |
| CEO and Director; CEO, Aspen RE | Christopher O'Kane | Network |
| COO and Director | Julian Cusack | Network |
Competition
Competitive Landscape for Aspen Insurance Holdings Limited
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Aspen Insurance Holdings Limited Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!