Aspen to Start Selling Aviation Insurance in UK

(September 7, 2004) The Royal Gazette - Aspen Insurance Holdings Ltd., a Bermuda-based specialty insurer and reinsurer, will start selling aviation policies in the UK to vary its offerings of property and casualty coverage. The Hamilton, Bermuda-based company will recruit a new team of underwriters to develop the aviation account from 2005, it said in a PRNewswire statement.
Aspen is expanding its lines of specialty property insurance after raising a net $212 million in an initial share sale at the end of last year. The aviation team will join the marine- insurance unit, created in June and headed by liability specialist John Henderson, Aspen said.

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