Aspen legacy information

Products
US, UK, and International

1. Environmental Legal Liability (ELL)
We can offer an insurance program providing bodily injury, property damage and clean-up costs resulting from a release of pollutants from, at, under, or migrating through or from real property owned, managed by, leased or rented to the insured.

Coverage can be offered for an insured’s single location or on a portfolio basis. Multi-year policies are available, up to five years. Multiple coverage parts allow for unique customization, including coverage for transportation pollution, business interruption, contractors’ liability and products pollution.  Coverage includes restoration costs (including) green-up costs, separate limit for emergency response and crisis management.

This policy can be offered on a global basis and limits can be deployed on a primary or excess basis.

Maximum coverage

$25,000,000 Pollution Incident Limit of Liability
$25,000,000 Aggregate Limit of Liability
Minimum coverage

$5,000 minimum premium
2. Contractors Pollution Policy (CPP)
Broad environmental insurance coverage that addresses contractors’ environmental risks and exposures, including coverage gaps left by standard general liability policies. We can offer both practice or project specific (including owner-controlled and contractor-controlled) programs.

This policy can be offered on a global basis.

Maximum coverage:

$25,000,000 Pollution Incident Limit of Liability
$25,00,000 Aggregate Limit of Liability
Minimum coverage:

$5,000 minimum premium
3. Contractors Professional, Protective and Pollution Policy (CP3)
We can provide professional liability coverage through the Contractors Professional Protective Pollution Policy (CP3) (or as a dedicated coverage part within our General Liability and Environmental Exposure (GLEE) policy).

Professional liability coverage is provided for losses arising from wrongful acts as a result of the insured’s professional services conducted for a third party. In both products, professional coverage can be considered for environmental consultants, contractors or laboratories, or those applicants with at least 35% of revenues associated with environmental services. Within the CP3 product, professional coverage can be considered for non-environmental contractors with minimal design/build or engineering services.

Maximum coverage:

Contractors Professional Protective Pollution Policy

$25,000,000 Pollution Incident Limit of Liability
$25,00,000 Aggregate Limit of Liability
Minimum coverage:

Contractors Professional Protective Pollution Policy
$7,500 minimum premium
4. Transportation Pollution Liability
We can provide Transportation Pollution Liability (TPL) on a standalone basis via our Contractors Pollution or Environmental Legal Liability forms.

TPL can be used as a primary mechanism, or on an excess/difference in coverage basis (in conjunction with the CA9948 Endorsement included on an Auto Liability Policy).  Aspen has a broad appetite and can consider a wide array of TPL exposures including petroleum, hazardous waste and other hazardous material haulers.

This policy can be offered on a global basis.

Maximum coverage:

$25,000,000 Pollution Incident Limit of Liability
$25,00,000 Aggregate Limit of Liability
Minimum coverage:

$5,000 minimum premium
 

US only 

1. Environmental Casualty
We offer an excess follow form policy that can sit excess of our GLEE-Primary Policy (supported) or a similar coverage form offered by a competitor (unsupported).  The policy can be written to provide excess coverage over an underlying primary automobile liability, employer’s liability and foreign general liability coverages.    Limits can be deployed anywhere within a tower.

We have the ability to offer these products in both the US and Canada to service insureds domiciled in either country or to provide local coverage for insureds with transborder exposures.

Maximum coverage:

$25,000,000 Policy Aggregate Limit of Liability
Minimum coverage:

$10,000 minimum premium
2. Storage Tank Liability

We offer a dedicated Storage Tank Liability used to provide coverage for releases from regulated or unregulated underground or aboveground storage tanks.

The policy is mainly used by our insured’s to satisfy United States Environmental Protection Agency (“USEPA”) rules and regulations pertaining to regulated underground storage tanks, which in part, requires owners and operators of underground storage tanks to demonstrate financial responsibility for bodily injury, property damage and corrective action (clean-up) resulting from a release of pollutants from a storage tank.

Coverage can include an optional coverage part to provide limited 1st Party clean-up for pollution incidents not related to a storage tank system. Coverage for single-location/single tank or multi-location/multi-storage tank system portfolios. Defense costs  : subject to a separate limit, in addition to the Limit of Liability.

Coverage provided with the United States, Canada and Puerto Rico (admitted basis).

Maximum coverage:

$25,000,000 Pollution Incident Limit of Liability
$25,000,000 Aggregate Limit of Liability
Minimum coverage:

$2,000 minimum premium
3. Products Pollution Liability
We can provide products pollution coverage as a stand-alone option or as part of broader Environmental Impairment Liability policy. Coverage for products pollution liability includes coverage for a pollution incident arising out of the end use of the insured’s products (after relinquishment of their possession of such product). Products installed as part of covered operations within our CPL or CP3 policies are automatically covered for products pollution liability.

Separate, standalone coverage parts can be selected when an insured seeks to add this coverage to a broader program within the GLEE and ELL policies. Coverage is offered on a claims made basis. We have a broad appetite for products pollution and the ability to consider a wide array of products within market.

This policy can be offered on a global basis.

Maximum coverage:

$25,000,000 Pollution Incident Limit of Liability
$25,000,000 Aggregate Limit of Liability
Minimum coverage:

$5,000 minimum premium (on stand-alone basis)

 

Contacts

• Michelle Dudek, Head of North American Environmental
• Richard Spink, Head of International Environmental

We offer bespoke excess casualty coverage, in-depth industry knowledge, responsive customer service and integrated claims handling underwritten by specialist, empowered underwriters. Our team of specialist underwriters are located in New York, Chicago, Dallas, Atlanta, San Francisco, London, and Bermuda.

Products

Product details

• Excess umbrella, excess follow form or stand-alone liability coverages on occurrence, claims made or occurrence reported triggers.

• Punitive damages cover is also available.

• Aspen’s broad risk appetite consists of global Fortune 1000 Companies primarily domiciled in North America, construction, transportation, rail and products exposures; a wide range of manufacturers, retail establishments, real estate and service providers.

• Admitted, surplus lines and self-procured paper available.

Individual product/Appetite Guide

• Rail

  • Freight railroads.

  • Rapid transit (metro, subway, elevated).

  • At-grade urban (light rail, tram/streetcar/trolley).

  • Regional and commuter (Intercity, Corridor and Long Distance).

  • Scenic and excursion.

  • Metropolitan transit agencies.

 

• Construction

  • Single project wrap up (OCIP and CCIP’s) and practice policies.

  • Complex infrastructure projects.

  • Commercial grade residential exposures.

  • Commercial general contractors.

  • For projects, maximum policy period of 7 years plus the statute of limitations for products-completed operations coverage.

 

• Fortune 1000

A diverse spread of industry sectors risks including:

• • products,

  • light and heavy manufacturing,

  • chemicals,

  • food and drink,

  • multi-national companies with worldwide exposures including US.

Lead participations can be considered depending on exposures and operations.

Contacts

• Richard Wagner, Head of Excess Casualty – US Markets

• Leanne Bellows, Head of Excess Casualty – London and Lloyd’s Markets

Products

• Railroad Liability for Short lines, Regional and Commuter Railroads   
• General Liability for the Railroad Support industry 
• Contingent liability for lessors risk 
• Excursion liability for tourist/Dinner train type operations 
• Excess liability over all product lines Aspen railroad offers 
• Railroad Protective Liability

Target markets

• Freight Railroads
• Passenger Railroads
• Railcar Lessors and Lessees
• Railroad Contractors
• Suppliers
• Service Providers and Product Manufacturers
• Track Owners and Customers looking for Railroad Protective Liability

Contact

• Les Bunney, Head of US Railroad

Coverage

• Commercial General Liability – Claims-Made or Occurrence
• Products/Completed Operations – Claims-Made or Occurrence
• Liquor Liability Coverage – included with CGL

Policy terms

• Annual Coverage or Project Term Coverage – up to 60 months
• Discontinued Coverage – up to 36 months

Limits and attachments

• $1 million/$2 million/$2 million up to $2 million/$4 million/$4 million
• Per Project/Per Location Aggregates with Cap
• Aggregate Reinstatements – subject to underwriting criteria
• Guaranteed Cost, Deductibles or SIRs – Aggregates available
• Defense inside or outside the limits

Minimum premiums

• Generally $50,000 (can vary based on limits, attachments and class of business)

Risk appetite and underwriting philosophy

• Target risks with gross sales of $5 million – $2 billion
• Moderate to High Hazard risks with measurable exposures, existing loss control and/or risk management procedures in place
• Severity loss potential preferred over frequency

Preferred risks

• Manufacturers, Wholesale/Retail, Importers
  • Mechanical, Electrical, Engines, Turbines, Pipes, Tubes, Valves and Compressors
  • Industrial Machinery Equipment and Parts including Material Handling
  • Non-Invasive Medical Devices
  • Non-Critical Automobile Parts
  • Plastic or Rubber goods
  • Sporting Goods and Exercise Equipment
  • Retail/Wholesale – Grocery, Department, Home Improvement

 

• Construction
  • Annual Practice – General Contractors or Specialized Trade Contractors, repair or remodelling on both commercial and residential structures
  • Project Specific – General Contractors, Developers and Owners Interest – project focus on new commercial structures, Type 1 (concrete and steel), residential structures in non CD States

 

• Real Estate
  • Commercial Owners and Managers, including mixed use
  • Residential Managers and Owners – Apartments and Condos
  • Public Entity – Park Districts, Prisons, excluding all professional

 

• Hospitality (including Liquor)
  • Restaurants
  • Casinos, Neighborhood Lounges, Bars and Taverns
  • Hotels and Conference Centres

 

• Special Events Services/Miscellaneous
  • Unique exposures and operations

Contact

• Rebecca Gitig, Head of US Primary Liability

Product details

Two core UK and International Casualty products are Employers’ Liability and Public Liability (including Products and Pollution Liability), written on both a combined policy and a standalone basis.

We provide solutions for UK and Ireland domiciled companies, both large and small, operating within a wide range of industry sectors.

We target MGA’s that provide improved access to business we are not able to directly source, either due to geography, distribution, niche exclusivity or transactional capabilities. As well as the UK, our geographical reach extends to international territories.

Contact

• Ryan Cushway, Head of International and UK Casualty Insurance

Products

• Political Risk: insures against government expropriation of overseas investments and other forms of political risk the business may face.

• Contract Frustration: insures against default and non- performance by state-owned entities and sovereigns.

• Credit Risk: insures against non-payment by individual companies and financial institutions, including loans for general corporate purposes, export finance and trade contracts.

• Project Finance: insures against non-payment by the Borrower in project finance transactions.

• Counterparty Credit Risk: for financial institutions, we also offer credit protection against non-payment of termination amounts due under ISDAs, including project finance swaps.

Coverage	Max Tenor     (Years)	Max Line Size    AIUK	Max Line Size    Lloyd’s
Political Risk	10 / 15*	$75m	$60m
Contract Frustration (‘CF’)	10 / 15*	$75m	$60m
Credit Risk (‘CR’)	8/10**	$75m	$60m
Project Finance	15 / 20***	$75m	$60m
Counterparty Credit Risk	In line with CR/CF/PF max tenor	$50m per obligor	$50m per obligor

 

*15 years if Insured is an ECA or Multilateral 
** 10 years if Insured is an ECA or Multilateral
*** 20 years if Project Finance transaction is ESG-Favourable on AIUK and Lloyd’s

Contact

• Sacha Karlsson, Head of Credit and Political Risk

Products

Companies with employees operating in foreign jurisdictions face complex challenges which are constantly evolving. Risks can often materialize quickly and seemingly without warning. 

• Kidnap and Ransom

Which responds to:

• Kidnap,
• Detention,
• Extortion and hijack
• As well as illegal threats, disappearances, assaults and hostage crises.   

 

• Crisis Evacuation

Which responds to: 

• • Political and civil violence 

  • Natural catastrophe 

  • Epidemic   

 

• Active Assailant 

Insured Event:  

• • Active Assailant Incident –A physical attack by an Active Assailant at a Covered Location involving the use of a Weapon; and the subsequent action of Authorities. 

• • Threat Incident – Any specific threats to inflict bodily injury, or damage, destroy or contaminate property. 

Product Coverage:

• • Aspen Crisis Management offers market-leading capacity for Active Assailant coverage of up to USD25m any one risk.  

  • Legal Liability – Coverage for the Damages and Claim Expenses an insured will become legally obligated to pay following an incident. 

  • Physical Damage – Coverage for the cost of physical loss, damage or destruction to Insured property resulting from an Active Assailant incident.

  • Business Interruption – Indemnification for business interruption loss resulting from physical damage or denial of access following an incident. 

  • Loss of Attraction – Cover for the loss of gross earnings due to a downturn in potential customers following an Active Assailant incident 

  • Extra Expenses – Cover for a range of extra expenses and costs likely to be incurred by an insured. 

  • Bodily Injury/Death Benefit – Fixed Benefit for bodily injury and/or death caused by an incident. 

  • Response Fees – The Cost of Critical Incident response from our market leading security consultants Crisis24, a GardaWorld company 

 

• Marine war 

A modest US$20m maximum line for Marine War which covers:

• • War

  • Seizure Arrest, detainment

  • Derelict mines, torpedoes, bombs

  • Strikes, Riots or civil commotions

  • Terrorism

  • Confiscation or expropriation

 

• Piracy

A US$20m maximum line per head of cover for Piracy. Our product responds to Kidnap, Hijack and Extortion. We can also offer an optional extension to cover Loss of Hire following a Hijack.

• Terrorism and Political Violence

Products

• • Terrorism and Sabotage: US$75m line

  • Strikes, Riots, Civil Commotion & Malicious Damage : US$75m line

  • Full Political Violence including War : US$75m line

 

Contact

• Tim Strong, Head of Crisis Management

Our team is located in London although participates on business throughout the globe.

Areas of business

Power Generation

• Regulated utilities

• Independent power producers

• Merchant facilities

• Thermal power

• Combustion turbine generators

• Internal combustion engines

• Hydroelectric plants

• Geothermal

• Waste to energy

• Solar

• Wind farms

• Water & waste water treatment facilities

Coverages considered:

• Property Damage

• Business Interruption

Upstream Energy and Construction

• Fixed Platforms

• Mobile Rigs

• Drill Ships

• FPSO/FSO Units

• Semi-submersibles

• FLNG Units

• Land Rigs

• Production Equipment

• Pipelines

• Processing and Distribution Plants

Coverages considered:

• Property Damage

• Loss of Production Income

• Operator Extra Expense

• Package Energy Liability

• Construction All Risk

• Delay in Start-up

Heavy Industries

• Mining and Mineral Processing

• Metal Making (Steel and Aluminium)

• Pulp and Paper

• Cement Manufacturing

Coverages considered:

• Property Damage

• Business Interruption

Midstream Energy

• Gas Fractionation

• LNG production

• Regasification

• Oil & Gas distribution

• Pipelines

• Processing and distribution plants

Coverages considered:

• Property Damage

• Business Interruption

Onshore Construction

• Erection All-Risk (EAR)

• Contractors All-Risk (CAR)

• Civil Infrastructure

• Contractors Plant and Equipment (CPE)

Coverages considered:

• Property Damage

• Delay in Start-up

• Third Party Liability

Contact

• Robin Waller, Head of Energy and Construction

We are addressing the insurance needs of three particular market segments: Property Investors, Business and Public Sector, and Construction. 

Areas of business 

Property investors

We have empowered and knowledgeable underwriters with cross-class capability.  

Our Asset Policy covers the following insurance needs: 

• Property – Financial impact of damage to physical assets, including buildings, fixtures, fittings and landlords’ contents

• Business Interruption – Safeguarding against loss of rent, alternative accommodation and service charges

• Liability – Responding to legal liabilities arising in connection with ownership of the asset

It is specifically designed for investors in: 

• Commercial Properties

• Residential Properties

Maximum capacity: £150m (EML basis)

Business and Public Sector

We offer a suite of policy wordings covering Property and Business Interruption and ancillary covers. 

We particularly target trades where we can add underwriting value including, but not limited to: 

• Manufacturing  

• Distribution  

• Retail  

• Services  

• P.F.I. 

• Public Sector  

Maximum Capacity: £100m (EML basis) 

Construction

Our Construction policies meet the insurance needs of all parties actively involved in a building contract, including: 

• Contractors All Risks 

•  Employers Liability 

• Public Liability 

• 6.5.1 Non-Negligent cover 

Policies can be written to cover an individual entities interest in the construction, or on a project basis covering all parties concerned.   

We underwrite construction work for a varying size of contract on either: 

• Annual (‘turnover’)

• Single project (‘turnkey’)

Maximum Capacity: £50m Contract Value (EML basis)/EL £25m/PL £25m 

 

Contact

• Paul Gatland, Head of UK Property and Construction

We have a global offering with a focus on the US, Europe and the UK for fine art plus worldwide for all risk classes.

We offer All Risks coverage, including transits, as follows:

Fine Art

Private and corporate collections, museums, exhibitions, trade fairs, auctioneers, dealers, restorers, classic cars, musical instruments, collectible, wine, antiques and shippers and packers. We provide all risks coverage including depreciations.

General Specie

Metals and Mining, vault risks, safety deposit boxes, banks, excess securities investor protection corporation (SIPC).

Jeweller’s Block

Wholesalers, retailers, manufacturers, private clients, pawnbrokers, exhibitions, cheque cashers.

Armoured Car

Armored car companies, banks, vault and transit risk, courier risk.

 

Contact 

• Jonathan Cripps, Head of Specie

We have a depth of knowledge in the underlying fields of privacy and network security and technology liability.

We offer more than a policy. We provide a risk management program.

Cyber Risk Services

Our Cyber Risk Services are a suite of complimentary, high-impact cyber risk management services offered to our cyber insurance customers.

These services are all delivered by industry-leading law, technology, digital forensics, and incident response firms. Reports, presentations, or security findings are delivered directly to you and not shared with us.

How does it work?

Each policy period, our primary cyber insureds can choose one service from the list below. We will arrange an introductory meeting to discuss the details of scope, deliverables, timeline, and scheduling. The service must be completed during the policy period.

Note that any changes in scope that incur additional cost are at the customer’s own expense and will be invoiced directly to the customer.

Service availability

All services, with the exception of Code Red Alerts* (only available to US-domiciled companies), are available globally via virtual delivery. Exceptions apply. Please contact us for details. Services are subject to change.

*By signing up for Code Red Alerts, you can receive direct email notification if or when we detect that your organization is targeted by a credible cyber threat. We recommend treating this service as complementary to, and should not be a replacement for, your existing threat intelligence capabilities.

Contacts

• Edward Hart, Head of International Cyber
• Bobby Bianconi, Global Head of Cyber

International coverage incorporating Excess D&O Liability, Financial institutions, Professional Indemnity and Cross Class Binders.

Products

Financial Institutions

Target classes:

• Broad appetite including Banks, Asset / Investment Management, Financial Infrastructure and Insurance companies

• Growing our US and UK portfolios and our investment management / asset management and Crime book

• Do not write US traded Side A, B, C

Core territories:

• UK

• USA

• Australia

Underwriting platforms:

• Lloyd’s Syndicate 4711 and Lloyd’s Brussels Syndicate 5383

Excess Directors and Officers Liability Insurance

Target classes:

• Excess D&O Business only

• International portfolio of FTSE 100, S&P 500, ASX, NYSE, Nasdaq, LSE and private/SME entities

• Can offer Side ABC, AB, A, Side A DIC and POSI capacity

• Broad appetite across sectors including; Manufacturing/Industrial, Communications, Technology and Utilities/Renewables companies

• Sectors that are considered with caution: Retail, Construction, Life Sciences

Target territories:

• UK

• Canada

• EU

• Australia

Underwriting platforms:

• Lloyd’s Syndicate 4711 and Lloyd’s Brussels Syndicate 5383

International Professional Indemnity

Target classes:

• Architects

• Accountants (non-US domiciled)

• Actuaries

• Design & Construction *

• Engineers

• Insurance Brokers (Lloyd’s and non-Lloyd’s)

• Law Firms (non-US domiciled) *

• Miscellaneous Service Providers

• Surveyors *

* Please note:

1. D&C (target firms sub £150m t/o, excluding cladding, glazing, roofing & waste to energy specialists)

2. Surveying Firms; we do not write RICS primary layers

3. We do not write IFAs

4. We do not write primary UK open market law firms

Method of placement:

• Open Market, DUA and Lineslips all considered

Target territories:

• UK

• Canada

• Europe

• Australia

• Other territories (including USA) can be considered

Underwriting platforms:

• Non EEA exposure written by Aspen Lloyd’s Syndicate 4711

• EEA/EU exposure can be written using Lloyd’s Insurance Company S.A. ASP 5383 (reinsured by Aspen Syndicate 4711)

Cross-Class Binders

Our Lloyd’s based Cross-Class Binders (CCB) was set up in 2019 to look at offering large scale cover-holders a singular solution to multi-product offerings.

We look to offer a portfolio solution for MGA/MGU’s who are looking to streamline their capacity providers and can offer a unified approach.

Offering:

We are class agnostic and can offer products across FinPro, Casualty, Property and Specialty lines of business. To facilitate this, we have in-team expertise in Lloyd’s delegated underwriting authority, actuarial, underwriting and financial analysis functions.

This offers clients a full-service approach to underwriting their business and we look to utilize this expertise in making our offering bespoke to each client. We look at each opportunity on its own merit and will maintain the overall appetite of our Lloyd’s Syndicate. This gives a unique offering to MGA’s who are looking for long term solutions partners with a strong performing Lloyd’s syndicate.

Contact

• Michael Kemble, Head of International Management Liability and Professional Indemnity

We work with firms of all sizes, operating both on a delegated underwriting authority and open brokerage basis.

Products 

• Accountants Professional:

• Architects and Engineers/Construction E&O:

• Financial Services E&O:

• Lawyers Professional:

• Medical Healthcare-Related Professional:

• Miscellaneous E&O:

• Professional Programs:

Capacity: up to $25 million.

Admitted and non-admitted products.

Management Liability

When companies look for management liability, they want something specific. For directors and company officers, reputation is a crucial asset.

We provide management liability insurance and its ancillary lines to Commercial Accounts and Financial Institutions through Retail and Wholesale brokers.

What we offer

• US Product Sweet Spot: Admitted Excess Coverage in the following lines: Directors and Officers (D&O); Financial Institutions D&O and E&O; Fiduciary Liability; Employment Practices Liability; Private Equity and other fund structures

• Commercial Accounts: Our focus is on publicly traded accounts ranging from the smaller side of the Russell 2000 index up through the largest of Fortune 500 type accounts

• Financial Institutions: We seek opportunities where we can successfully deploy our capital on quality placements, usually mid-size to larger U.S. Banks and Insurance Companies

Wholesale and Retail distribution.

Capacity: $25 million.

Contacts

• Zac Clammer, Executive Vice President, Chief Management Liability Officer

• Rob Cunningham, Head of US Professional Liability

Casualty reinsurance is written on an excess of loss and proportional basis and consists of US treaty, International treaty and casualty facultative reinsurance.

Areas of business

Casualty Treaty

Our Casualty Treaty team operates out of our offices based in the UK, US, Switzerland and Singapore.

No matter where our clients are based, we can provide the highest levels of service, tailored to different jurisdictions. We provide cover on both an excess of loss and proportional basis.

US Casualty Facultative

Our Casualty Facultative teams have expertise across all casualty classes and multiple territories – and this is pivotal to delivering tailored products to our clients. We provide excess of loss solutions, either as individual risk or through automatics, and we can offer our services through brokers or directly to the client. We provide either full cover or spot/carve-out solutions products across public, products and employers’ liability, motor liability, professional indemnity and medical malpractice.

Contact

• Beatrice Morley, Global Head of Casualty and Head of International

We offer reinsurance solutions to our clients across several complex specialty lines.

Products

Marine & Energy

Our underwriters provide versatile, competitive reinsurance solutions for all classes of marine business including cargo, hull, liability, offshore energy, and specie.
We have the ability and expertise to write both pro rata and excess of loss treaties, extending to retrocession, across an expansive range of products. Additionally, we have expertise in composite offerings that cover multiple classes.

Terrorism

We provide comprehensive coverage for terrorism underwriters seeking reinsurance protection for their portfolios. Protection includes political violence, war on land and other associated terrorism coverages. Protection is offered on pro-rata, excess of loss, and retrocession bases. We are able to tailor event definitions based on portfolio type and quality of client.

Agriculture

Our Agriculture team’s focus is crop reinsurance, however we are also able to accommodate coverage for livestock, forestry, aquaculture, and greenhouses. Pro rata and excess of loss reinsurance can be provided, on either a ‘losses occurring during’ or ‘losses occurring on risks attaching’ basis. Parametric deals are also included within our product offering.

 

Mortgage

We provide credit risk transfer to single and multi-family pools, for both government-sponsored and private entities. Protection is offered globally and can be provided on an excess of loss and pro rata basis. Our underwriting teams have a wealth of knowledge and are based in the US, London and Zurich.

Tech Lines

Our coverage is offered for the following products:

• Contingency & Product Recall

• Nuclear Energy

• Onshore Energy

• Engineering, Renewables & Power

• Film & Entertainment

• Alternative Risk Transfer & Parametric Deals

• Legal Expenses

• Dealers’ Open Lot

• Carbon capture

• Wildfire

• Esoteric coverages

• Innovation products

Cyber

We offer cyber reinsurance protection for proportional and non-proportional contracts on a global basis.

Health

We offer health reinsurance for proportional and non-proportional contracts for US based risks only.

 

Contacts 

• Olly Goodwin, Global Product Head Specialty Re

Our Property reinsurance product offering includes Catastrophe, Per Risk Excess of Loss, Proportional, Retro, Aggregate Stop Loss and Facultative. We serve our partners through our regional offices in the US, Bermuda, London, Zurich, Singapore and Sydney.

Areas of business

Property Catastrophe

We specialize in writing property catastrophe across the world. Our experienced global underwriting teams use their local expertise, cutting edge catastrophe models and analytical tools and deep knowledge of our clients’ requirements to set terms in this class and deliver capacity with great service.

Other Property

As an established leader in the global property reinsurance market our solid market expertise is backed by our capital strength alongside our modeling and data quality expertise. Our multi-lingual staff and policy of paying valid claims quickly add to the quality of our service.

Whether it’s Risk Excess, Proportional or Property Facultative, we provide bespoke products to meet the needs of you and your business.

Property Facultative

We provide bespoke facultative excess of loss solutions for a broad spectrum of property risks worldwide with a strong focus on risk selection. We take a dual distribution approach, writing business both directly to ceding companies and through brokers across the globe, on an individual risk basis as well as through semi-automatic or automatic facilities.

 

Contacts

• Tim Mardon, Global Head of Property Cat Reinsurance and Bermuda CUO

Australia

Aspen Australia Service Company Pty Limited (Company No. 654 927 198).  Registered address at Australia Square L21, 264 George Street, Sydney NSW 2000, Australia.

Registered with the Australian Securities & Investments Commission

AIUK Australian Branch, registered as a branch of Aspen Insurance UK Limited (“AIUK”).  Address c/o Littlewoods Services, Australia Square L21, 264 George Street, Sydney NSW 2000, Australia.

Authorized as a Category C General Insurer by the Australian Prudential Regulation Authority.

CPS511 – Remuneration Disclosure

Bermuda

Aspen Bermuda Limited. (Registration No.32866)

Registered as a Class 4 Insurer under the Insurance Act 1978 and regulated by the Bermuda Monetary Authority.

Aspen Capital Management Ltd (Registration No. 47745)

Registered as an Insurance and Agent under the Insurance Act 1978 and regulated by the Bermuda Monetary Authority.

Peregrine Reinsurance Ltd (Registration No. 47746)

Registered as a Special Purpose Insurer under the Insurance Act 1978 and regulated by the Bermuda Monetary Authority.

Silverton Re Ltd. (Registration No. 48140)

Aspen Cat Fund Limited (Registration No. 47880)

Aspen Insurance Holdings Limited (Registration No. 32164)

Acorn Limited (Registration No. 43206)

All at 141 Front Street, Hamilton HM19, Bermuda.

Canada

Registered as a branch of Aspen Insurance UK Limited (“AIUK”) [for AIUK’s corporate and regulatory information, please see UK below], trading in Canada as Aspen Insurance and Aspen Re at 77 King Street West, Suite 400, Toronto, ON, M5K 0A1.

Authorised by the Office of the Superintendent of Financial Institutions (OSFI) at federal level and each of the provincial/territorial governments.

Inscrit au tribunal du commerce comme agence/succursale de l’assurance Aspen exercant sous le nom d’Aspen Insurance et Aspen Re à 77 King Street West, Suite 400, Toronto, ON, M5K 0A1.

Singapore

Registered as a branch of Aspen Insurance UK Limited (“AIUK”) [for AIUK’s corporate and regulatory information, please see UK below], and Aspen Bermuda Limited (“ABL”) [for ABL’s corporate and regulatory information, please see Bermuda above] trading in Singapore as Aspen Re at Raffles Pl, Singapore 048616

Registered with ACRA and authorized by the Monetary Authority of Singapore

Switzerland

Registered as a branch of Aspen Insurance UK Limited (“AIUK”) [for AIUK’s corporate and regulatory information, please see UK below], and Aspen Bermuda Limited (“ABL”) [for ABL’s corporate and regulatory information, please see Bermuda above] trading in Switzerland as Aspen Insurance and as Aspen Re at Talstrasse 82, 8001 Zürich

Supervised by the Swiss Financial Market Supervisory Authority (FINMA).

• AIUK Zurich Branch Financial Condition Report 2024
• AIUK Zurich Branch Financial Condition Report 2023
• AIUK Zurich Branch Financial Condition Report 2022
• AIUK Zurich Branch Financial Condition Report 2021

UK

Aspen Insurance UK Limited (Company No.01184193)

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (register number 202644). Registered office: 30 Fenchurch Street, London, EC3M 3BD, UK.

Aspen Managing Agency Limited; managing agent of Syndicate 4711 at Lloyd’s of London (Company No.06459521)

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (register number 478192). Registered office: 30 Fenchurch Street, London, EC3M 3BD, UK.

Aspen UK Syndicate Services Limited (Company No. 05313771)

Authorised and regulated by the Financial Conduct Authority (FRN 450345). Registered in England and Wales under company number 05313771. Registered Office: 30 Fenchurch Street, London, EC3M 3BD.

Aspen European Holdings Limited (Company No.09172494)

Aspen Insurance UK Services Limited (Company No.04270446)

Aspen (UK) Holdings Limited (Company No.04785892)

Aspen Underwriting Limited (Company No.06459518)

All at 30 Fenchurch Street, London, EC3M 3BD, UK.

US

Aspen American Insurance Company

An admitted insurance carrier domiciled in the State of Texas

Aspen Specialty Insurance Company

A surplus lines insurance carrier domiciled in the State of North Dakota

Aspen U.S. Holdings, Inc.

Aspen Insurance U.S. Services Inc.

Aspen Re America, Inc.

Aspen Specialty Insurance Management, Inc.

Aspen Specialty Insurance Solutions LLC

All at 400 Capital Boulevard, Suite 200, Rocky Hill ,CT 06067 USA

Transparency in coverage – machine readable file

Aspen’s commitment to your privacy

Aspen Insurance UK Limited and Aspen Managing Agency Limited are part of the Aspen Group and are based in the UK. They offer (re)insurance services. The Aspen Group includes other companies in the UK. In this notice they are collectively referred to as AUK or as ‘we’, ‘us’ and ‘our’.

The Aspen Group includes other (re)insurance companies, service companies, intermediaries and branches in other jurisdictions including the USA, Bermuda, Australia, Singapore, Canada, and Switzerland.

This notice comprises three parts –

1. a UK Privacy Notice in respect of (re)insurance business;
2. a UK Privacy Notice in respect of recruitment; and
3. a Privacy Notice in respect of Aspen’s non-UK operations.

Click on the links above to learn more about each of the parts.

Modern Slavery Act statement

UK Gender Pay Gap report

• 2024
• 2022
• 2021
• 2020