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17 May 2012

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Aspen finally places FI reinsurance programme; 2008 loss fears mount

26 January 2009

Bermudian-headquartered (re)insurer Aspen Insurance Holdings Ltd has endured a struggle to renew the reinsurance programme for its financial institutions (FI) book written out of London reflecting concerns over the sector's loss exposures, The Insurance Insider can reveal.

According to market sources, the Brit Insurance-led programme, due to renew at 1.1, was only completed in the last few days after Aspen agreed to offer payback premium in addition to the standard premium, and to make structural changes to the underlying book...

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