GLOBAL EXPERTISE LOCAL PRESENCE 360 THINKING aspen-insurance.com The summary contained herein is for informational purposes only. Coverage may not be available in all jurisdictions and is subject to actual policy wording as issued. All products are underwritten by insurance company affiliates of Aspen Insurance Holdings Limited. 04-18
WELCOME TO ASPEN RE Aspen Re is a diversified global reinsurance business. Our success is founded on a solid capital base, in-depth expertise, market knowledge and a deep understanding of the risk and capital management needs of our clients. Share in our knowledge wealth This significant industry expertise and excellent performance record make us a valued partner; our highly disciplined and experienced underwriting, claims, modelling and actuarial teams have a breadth and depth of knowledge that truly distinguishes us from our peers. Global reach, local expertise We have a global network of offices, organised through three core regions: Americas, Asia Pacific and Europe, Middle East and Africa, with underwriting hubs in London and Bermuda. This clear structure ensures that our people are always close to our customers and that we have a deep understanding of their unique needs wherever they are in the world. There when you need us In a changing world with increasingly complex risks, our clients require customized solutions and services that go beyond traditional reinsurance. That is why we seek to develop long and enduring relationships, taking the time to understand their challenges and be a resourceful, problem-solving partner. Through our broad product suite, we can develop innovative concepts for our clients from traditional reinsurance to managing large complex risks and balance sheet optimisation. Our dedicated team of experts would be delighted to discuss how we can help you and we very much look forward to working with you. Thomas Lillelund Chief Executive Officer, Aspen Re E thomas.lillelund@aspen-re.com 360 THINKING REGIONAL EXPERTISE GLOBAL EXPANSION WITH DEEP AND ENDURING RELATIONSHIPS ENTREPRENEURIAL AND DIVERSE CULTURE CREATIVE AND INNOVATIVE SOLUTIONS
ASPEN GROUP Founded in 2002, and listed on the New York Stock Exchange in 2003, Aspen is a leading provider of insurance and reinsurance to clients. We operate through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom, the United States, and a dedicated Lloyd s presence in China. Aspen is diversified, well-capitalized and strongly rated. We provide our clients with significant risk capacity, and consistently demonstrate innovation and excellence in our approach to underwriting. Aspen s operating subsidiaries have been assigned a rating of A by Standard & Poor s Financial Services LLC, an A by A.M. Best Company Inc. and an A2 by Moody s Investors Service, Inc. ASPEN RE Aspen Re is founded on a thorough understanding of client needs, as well as exceptional expertise in assessing and managing risk. The business focuses on building long-term relationships with clients who have track records for sound underwriting, along with exposures that make risk transfer a vital aspect of their business needs. Aspen Re consists of property catastrophe reinsurance, other property reinsurance, casualty reinsurance, and specialty reinsurance. In addition, Aspen Capital Markets forms part of property catastrophe reinsurance as it focuses primarily on property catastrophe business through the use of alternative capital. To find out more about Aspen Re and our product offering, please visit aspen-re.com HOW WE WORK We have long understood the importance of proximity to our clients. We offer superior service through local presence, deep customer knowledge and intelligent risk-taking. Our ability to interpret specific and different needs enables us to offer appropriate and customized solutions. Our expert teams in underwriting, claims, actuarial, catastrophe risk management, legal and finance all work together in one location, ensuring that we deliver outstanding service. All of this is underpinned by a strong balance sheet and ratings, and prudent, methodical, and flexible capital management.
OUR REGIONS AMERICAS North America With multiple offices across the U.S. and Canada, we provide expertise and support from coast to coast. Our Bermuda and London Hubs also contribute to our strong underwriting capabilities, exceptional underwriting reviews, prompt claims management, data analysis, and modelling. Aspen Re America s primary focus is U.S. based brokers and cedants who benefit from our local knowledge. We have specialized teams that support Regional and National writers for property, casualty and specialty lines. We also have property and casualty facultative teams that entertain and support individual risk and program/automatic opportunities in the U.S. and Canada. Latin America We are specialists in property, casualty and specialty treaty reinsurance. Our dedicated underwriting teams focus on proportional and excess of loss within the Latin American market, while also offering facultative capacity on an excess of loss basis across property and engineering lines. We take a customized approach to each risk and with careful selection can take on the most challenging exposures. Much of our success is based on our ability to listen to and understand clients specific needs as well as our significant capacity on a per risk and event basis. We also cover specialty underwriting skills such as agriculture, credit and surety, aviation, marine and energy, through our London, Miami and Zurich offices. Brian Boornazian Chairman Aspen Re & CEO North America T +1 860 258 3506 E brian.boornazian@aspen-re.com Emil Issavi President & CUO Managing Director, Americas T +1 860 656 2920 E emil.issavi@aspen-re.com Jorge Cañardo Chief Underwriting Officer, Latin America T +1 786 552 3555 E jorge.canardo@aspen-re.com
ASIA PACIFIC We operate through regional offices to benefit from the local knowledge that is such an important part of our commitment to our clients. We have offices in Singapore and Australia, and China through Lloyd s China. We provide a wide range of reinsurance solutions to clients in North and South East Asia, Australia and the Pacific Islands and our regional operating model is reinforced by a diverse product offering and strong underwriting capabilities. We have exceptional expertise in research and development, data analysis and modelling, and our goal is to provide a professional, timely and fair service in the handling of all claims. We are committed to the highest standard of technical excellence and quality of service. Australia Aspen Re Australia is our dedicated reinsurance branch based in Sydney, regulated by the Australian Prudential Regulation Authority (APRA). Our experienced underwriting team writes a broad range of property treaty, casualty treaty and property facultative products serving the Australian, New Zealand and Pacific Islands markets. We are committed to building long-term, cross-class relationships with our clients and brokers, offering meaningful capacity and bespoke client-focused solutions using our global product expertise coupled with a sound local market knowledge. China Our Aspen Underwriting Division within Lloyd s China was established in November 2015 to expand our existing business platform in Asia. Our expert underwriters, based in Shanghai and Beijing, write property, casualty and specialty reinsurance with a focus on China-domiciled clients. We are committed to providing our clients with access to Aspen Re s global product offering and capacity through our local underwriting expertise, ably supported by our analytical team in Singapore. Philip Hough Managing Director, Asia Pacific T +65 6408 1055 E philip.hough@aspen-re.com
EUROPE, MIDDLE EAST AND AFRICA Europe From our European regional hub in Zurich we source and serve business throughout Europe with a dedicated and experienced local team of property, catastrophe, casualty, and specialty underwriters. Our multi-lingual staff focus on understanding the local conditions and environment, and provide multi-class underwriting for complex placements as well as providing capacity for large individual treaties. We are a first port of call for many partners who are based on the continent, but may buy their covers on a global basis. We also benefit from the expertise and distribution capabilities of our Bermuda and London Hubs. Middle East We are specialists in property, specialty and casualty reinsurance. Our dedicated underwriting team focuses on proportional and excess of loss treaties. We also offer facultative capacity across property, engineering, energy and casualty. We take a customized approach to each risk and, with careful selection, can take on the most challenging liabilities. Africa Our core strengths include our specialized underwriting skills and capacity, coupled with an understanding of local markets. Africa is our latest point of emphasis, and our global expertise gives us the ability to interpret our clients specific needs, and create long-term relationships. We have significant per risk and catastrophe capacity and the ability to offer multi-line and bespoke solutions. Jacopo D Antonio Managing Director, Europe, Middle East & Africa T +41 44 213 6101 E jacopo.d antonio@aspen-re.com
OUR HUBS LONDON Our underwriting hub in London is a key platform for Aspen Re, writing a diversified book of treaty and facultative risks emanating from the global distribution network that the London market offers. This includes all classes of property, casualty and specialty reinsurance business, backed either by local capital or global business placed in London through our local brokers and partners. From our London underwriting hub we offer: Property Facultative Reinsurance: International property on an excess of loss basis Property Treaty: Select territories for the London market including the Caribbean, Canada and some EU markets Casualty Reinsurance: International and U.S. business placed in the London market Specialty Reinsurance: Aviation & Space Credit, Surety & Political Risk Engineering & Technical Lines Marine, Energy & Terrorism Special Risks Our London underwriting teams are supported by experts in claims and actuarial. Peter Emblin Managing Director, London & Global Head of Specialty T +1 860 760 7785 E peter.emblin@aspen-re.com BERMUDA Since Aspen Re s founding in 2002 our Bermuda hub has established itself as a leading global platform for underwriting catastrophe and other short tail coverages. Our experienced and customer-focused underwriters write products on an excess of loss and proportional basis, sourcing risk for our own balance sheet as well as our third party capital partners through Aspen Capital Markets. Christian Dunleavy Chief Underwriting Officer, Aspen Bermuda Limited T +1 441 297 9243 E christian.dunleavy@aspen-re.com
OUR PRODUCTS GLOBAL CASUALTY Our Global Casualty team has significant breadth and depth of knowledge across all casualty lines, which means we are able to fully understand our clients businesses and tailor class-leading reinsurance solutions appropriate to their needs. Casualty reinsurance is written on an excess of loss and proportional basis and consists of U.S. treaty, international treaty and casualty facultative reinsurance. We cover a wide range of casualty business such as workers compensation (including catastrophe), medical malpractice, general liability, umbrella and auto liability, professional and management liability. Our facultative book is written purely on excess of loss. Our casualty treaty team operates out of our offices based in our three main regions. No matter where our clients are based, we can provide the highest levels of service, tailored to different jurisdictions. Our team of underwriters share detailed knowledge of reinsurance markets across the globe. This unrivalled collective experience enables us to provide flexible yet tailored solutions. Our analysis of market-wide trends in key territories and coordination with our claims, legal and actuarial teams gives us a better understanding of the changing landscape of liability trends around the world. We value long-term partnerships with our clients and our global products are delivered by local teams with a deep understanding of clients individual needs. Beatrice Morley Global Head of Casualty T + 65 6408 1081 E beatrice.morley@aspen-re.com GLOBAL PROPERTY Aspen Re is a global property reinsurance leader built on a client-centric underwriting culture which fosters long-standing and highly-valued relationships with our trading partners. Through our intimate knowledge of the diverse markets around the world we provide the property reinsurance solutions and products most appropriate to our clients needs and we take pride in delivering these solutions with outstanding service. Our local, highly-skilled, multilingual underwriting staff, and our prompt payment on valid claims, further enhances Aspen Re s service and reputation. Our culture, our capital strength and our global presence combine to create a world-class team supplying value-added solutions. Aspen Re s property 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 U.S., Bermuda, London, Zurich, Singapore, and Dubai. Our regional management philosophy allows us the flexibility to make local underwriting decisions that best serve our clients and brokers in those respective territories. Dan Yerxa Global Head of Property T +1 860 258 3502 E daniel.yerxa@aspen-re.com
GLOBAL SPECIALTY Our specialty team have significant breadth and depth of knowledge across all specialty lines, allowing us to better understand our clients businesses and tailor class-leading reinsurance solutions appropriate to their needs. Agriculture Our agriculture team provides both proportional and non-proportional reinsurances to a worldwide client base. Whilst our major focus is crop reinsurance, coverage can also be provided for livestock, bloodstock, forestry, aquaculture and green-houses. Aviation & Space We provide reinsurance cover for all sectors of the worldwide aviation market from light aircraft to wide-body jets, as well as manufacturers, airports and workshops. We also provide treaty or facultative capacity for all types of space risks, including prelaunch, launch, commissioning, in orbit life and space liability. Credit, Surety & Political Risk We provide treaty and facultative reinsurance products for credit, surety and bond reinsurance or protection against political risks. On a selective basis, we will consider mortgage business. Engineering & Technical Lines Our focus is on technical expertise through a proven track record in underwriting industrial and engineered business. Our understanding of the risk helps us to evaluate the exposures appropriately and within a short timeframe. Marine, Energy & Terrorism We offer flexible, competitive products backed by the highest levels of service for all classes of marine business including cargo, hull, liability, offshore energy and specie. We can also provide comprehensive coverage for terrorism underwriters seeking reinsurance protection for their portfolios, including political violence. Special Risks We offer a range of bespoke reinsurance solutions, for even the most challenging of scenarios. We have the ability to write both treaty and facultative reinsurance on a proportional and non-proportional basis. Peter Emblin Global Head of Specialty Managing Director, London T +1 860 760 7785 E peter.emblin@aspen-re.com
ASPEN CAPITAL MARKETS Aspen Capital Markets was established in April 2013. We develop alternative reinsurance structures to leverage our existing underwriting franchise, increase our operational flexibility in the capital markets and provide investors direct access to our underwriting expertise. We seek to build relationships with long-term asset allocators including pensions, endowments and institutions through expertly managed fund offerings. Our innovative products and structures attract third party capital and help us to broaden our service to clients. Brian Tobben Managing Director, Aspen Capital Markets T +1 646 289 4943 E brian.tobben@aspen.co FINANCE The value we place on long-standing relationships continues through to our finance and technical accounting team which offers the highest standard of service. This includes timely processing of bordereaux, claims and payments. The team also acts as a first point of contact for broker and client support functions, and for security and collateral queries. Za Petiwalla Chief Financial Officer T +44 20 7184 8210 E za.petiwalla@aspen-re.com CLAIMS We strive to achieve a superior claims service. Using our advanced claims workflow system, we monitor our turnaround times to ensure that we meet or exceed our high standards. Our experienced managers and adjusters also travel extensively to meet clients and discuss claims, while developing new and strengthening existing relationships. Jon Steer Global Head of Claims T +44 20 7184 8587 E jon.steer@aspen-re.com
ANALYTICS Our underwriters are supported by local highly-experienced actuarial and catastrophe modelling teams who work closely together to provide expert and multiple solutions to the needs of our clients. They are both technical and commercial and therefore provide a good blend of analysis and understanding. Paul Frydas Global Reinsurance Chief Actuary T +44 20 7184 8789 E paul.frydas@aspen.co Alan Calder Head of Group Catastrophe Risk Management T +44 20 7184 8915 E alan.calder@aspen-re.com DISTRIBUTION We view cedant and broker relationships holistically rather than in regional or product silos. We ensure that our experts are local and accessible to formulate specific solutions for our clients. Mike Sowa Managing Director, Global Distribution and Marketing T +1 860 258 3505 E mike.sowa@aspen-re.com
The summary contained herein is for informational purposes only. Coverage may not be available in all jurisdictions and is subject to actual policy wording as issued. All products are underwritten by insurance company affiliates of Aspen Insurance Holdings Limited. 04-18