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25 February 2018

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Aspen future in question as profits warning highlights frailties

30 January 2018

The resolution of Aspen's board to keep the company independent is likely to be severely tested in the coming weeks and months, after the firm's credibility was hit hard by a fresh profits warning.

Aspen released a statement after markets closed on 25 January announcing it would take an underwriting loss of $245mn in the fourth quarter, owing to $135mn of California wildfire losses and an increased frequency of mid-sized and attritional losses in its insurance segment.

The loss, equivalent...


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This article was published as part of issue January 2018/5

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