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Aspen Insurance Holdings Limited
AHL today
announced an initial estimate of losses of $10 million for Hurricane Irene and
$14 million for other natural catastrophe events which occurred in the third
quarter of 2011 (comprising US, Scandinavia and Asia weather-related events).
In addition, there was an increase in the second quarter 2011 US severe
weather-related losses of $17 million, from $65 million at June 30, 2011 to
$82 million; this increase is consistent with the increase in estimated market
losses from these events to $20 billion from $15 billion. Aspen's aggregate
estimated losses from other 2011 catastrophe events (Australia floods, New
Zealand earthquakes, and Japan earthquake and tsunami) are unchanged. Aspen's
losses are net of applicable reinsurance, reinstatement premiums and tax.
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