SINGAPORE 360 THINKING aspen-insurance.com
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 and the United States. Aspen is diversified, well-capitalised 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 INSURANCE Aspen Insurance is an established leader in many of our chosen markets. Each of our business lines is run by a group of highly respected and experienced industry experts with in-depth knowledge of the industries we serve, as well as an exceptional ability to create targeted product solutions. We operate on both a global and regional product basis, meaning that we can align better our product and distribution capabilities to give the best possible service to our customers. To find out more about Aspen Insurance and our product offering, please visit aspen-insurance.com HOW WE WORK Innovation in the management of complex risks: Our people have deep technical expertise, and they are empowered to offer intelligent insights and find creative solutions to the most complex of problems. Global solutions with local execution: We value long-term partnerships with our clients, and our global products are delivered by local teams with a deep understanding of their individual needs. Fast and fair resolution of claims: We act with integrity and honour our commitments, resolving and paying claims quickly and fairly. Meaningful capacity backed by financial strength and security: Our success is built on financial strength and stability, and we pride ourselves in providing certainty and security to our clients.
ACCIDENT & HEALTH We differentiate ourselves by focusing on niche business and relationships, offering expertise, a flexible approach and a truly global reach. Our reputation is earned by offering unparalleled service capability and providing swift and helpful responses to requests and submissions. We are specialist reinsurers and we provide protection for a wide range of reinsurance clients, both large and small, on an excess of loss and proportional basis. CREDIT & POLITICAL RISKS Businesses are increasingly exposed to credit and political risks; not only in emerging economies but also in established international and domestic markets. Aspen s Credit and Political Risks team provides the best possible protection across these areas of risk. We have the capacity and specialist expertise to help you understand and manage the specific risks faced by your business, helping you to: Carry out international commerce with greater confidence Protect assets at home and overseas Protect payment streams and dividend flows We find the best type of cover and create bespoke products precisely suited to each client s situation; offering continuous, consistent and competitive ways to deal with an ever-riskier world. Our team has many years experience in this specialist field, providing the knowledge and experience to address a range of financial and political risk insurance needs. Besides insurance, our underwriters have backgrounds in law and banking. TERRORISM & POLITICAL VIOLENCE Political violence poses a severe and unpredictable risk to an organisation s assets, people and its ability to trade. Aspen offers comprehensive coverage for terrorism and political violence perils which standard property and liability insurers exclude. We protect a range of clients across the globe with a particular appetite for assureds with exposure in emerging markets. Client and broker service are at the heart of our values and the team prides itself on its market leading response times. We understand that demand for coverage in an increasingly uncertain world can require policies to be bound on the same day as submission. Aspen also ensures that any losses are handled rapidly and proactively, thereby minimising the impact for our clients.
FINANCIAL & CORPORATE RISKS We offer bespoke products backed by an unparalleled level of expertise and service that leads to our clients treating us as close partners. Our appetite is broad, both in terms of industry sector and territory. Financial Institutions We provide a comprehensive range of specialist Financial Institutions (FI) insurance products for companies around the world. Whatever the size or needs of the client, our highly experienced team provides a high level of service, offering a broad range of flexible cover. Management Liability We offer our commercial clients bespoke products across the breadth and depth of the Management Liability (ML) market, giving them, their directors and officers tailored and up-to-date protection from losses arising as a result of personal or criminal liability. PROFESSIONAL INDEMNITY Our professional indemnity team offers insurance solutions on both a primary and excess layer basis for most types of commercial professional indemnity. We work with our broker partners to insure medium to large sized firms and partnerships across the spectrum of professional services. Central to this is our understanding of each client s unique business environment and insurance requirements our aim is not only to provide professional indemnity but also to add value through innovative and tailored solutions. TECHNOLOGY LIABILITY & DATA PROTECTION INDEMNITY Technology liability provides coverage for Technology, Media and Telecom firms (TMT). Our technology liability policy provides these companies with insurance protection for damages and legal defence expenses associated with: financial loss claims from third parties, intellectual property breaches by the insured and claims against the policyholder for defamation. We also provide a Data Protection Indemnity (DPI) product, which can be offered either on a stand alone basis or as a combined policy with our technology liability policy. DPI provides insurance against costs and liabilities that may arise when a company breaches its data protection obligations.
MARINE Our marine business extends to include Cargo, Hull, Specie and Fine Art. The portfolio is being built based on long-standing relationships between our underwriting team, brokers and owners. We offer the highest level of professionalism and expertise which has been built up over many years of providing flexible products and excellent service. Our marine business is truly global. Wherever our clients are based, they benefit from a high level of service from our teams and products which are tailored around their specific needs. Strong relationships are at the centre of what we do and we provide the consistent, competitive products that keep those relationships close and productive. CARGO We insure a wide spectrum of cargo risks, ranging from conventional cargoes all the way through to the more complex project cargo risks including DSU. Our preferred risk types include: logistic companies break bulk, bulk commodities, hazmat cargo, manufacturing and general containerised freight. For project cargo, owner or contractor controlled, renewables, power generation, oil and gas including petrochemicals, mining and pharmaceutical plants. Our proposition also includes coverage for infrastructure projects such as bridges, rail, tunnels and port expansion. HULL We insure a variety of vessel types including ocean-going cargo vessels, such as bulk carriers, container vessels and tankers, as well as more specialised tonnage, such as hovercraft, yachts, tugs and barges. SPECIE & FINE ART We provide the following products via our Lloyd s platform: Fine Art we are particularly focused on fine art enabling us to cover private and corporate collections, museums, exhibitions, auctioneers, dealers, classic cars and musical instruments. We provide all risks cover including depreciation. General Specie cash and securities in vault/transit, metals and mining, safe deposit boxes and excess Securities Investor Protection Corporation. Jeweller s block pawnbrokers, cheque cashers, retail and wholesale business. Armoured car primary, excess and courier.
PIRACY Piracy is an ever-changing risk which grows, moves and adapts around the world as criminal gangs exploit opportunities wherever they appear. We offer cover for transits through the Indian Ocean, Gulf of Aden and in the Gulf of Guinea or on a worldwide basis allowing our clients to get the protection they need whilst avoiding unnecessary insurance costs. Our preferred security partners are specialists in managing piracy, hijacking and kidnap and ransom events. Should the unfortunate occur, they are able to deploy experienced response consultants to our clients wherever they are in the world and advise on all aspects of any negotiation to help bring your crew, vessel and cargo home safely. UPSTREAM ENERGY We offer bespoke insurance products and the highest levels of service across the upstream and midstream sectors of the oil and gas industry. This service is focussed on creating relationships that provide mutual benefits for the long-term. Our clients include drilling and service contractors, independents and multinational oil and gas companies. The operations we cover include exploration, production, development, processing and transportation both on and offshore. In every area and with every client we apply the same flexible and individual approach that allows us to create products to fit their particular requirements, backed up by the highest level of expertise and great service.
ENERGY & CONSTRUCTION Aspen is a key provider of comprehensive insurance products coverage for energy, heavy industries and construction all risk material damage, including machinery breakdown and natural peril coverage, plus business interruption or delay in start-up. Our market appetite is: power generation, construction, oil and gas and heavy industries. These groups include, but are not limited to refining, chemical, gas processing, terminals, pipeline, petro chemicals, pharmaceuticals, exploration-production onshore, liquefied natural gas (LNG), power generation, renewal energy, aluminium, steel, cement, mining, pulp and paper, construction all risks (CAR), erection all risks (EAR) and civil construction.
MEET THE TEAM Underwriting Yann Marmonier Principal Officer & Managing Director T +65 6408 1001 E yann.marmonier@aspen-insurance.com Paul Hackett Head of Marine T +65 6408 1009 E paul.hackett@aspen-insurance.com Martin Phelan Head of Credit & Political Risk T +65 6408 1010 E martin.phelan@aspen-insurance.com Justin Yeo Head of Accident & Health T +65 6408 1004 E justin.yeo@aspen-insurance.com Olga Wong Senior Underwriter, FinPro T +65 6408 1011 E olga.wong@aspen-insurance.com Kwek Ai Hoon Senior Underwriter, Marine Cargo T +65 6408 1007 E aihoon.kwek@aspen-insurance.com Rory Kane Senior Underwriter, Energy T +65 6408 1005 E rory.kane@aspen-insurance.com Marine Claims Silvana Milton Deputy Head of MEA T +44 20 7184 8067 E silvana.milton@aspen-insurance.com Energy Claims Myles Sunley Senior Claims Adjuster, Energy T +44 20 7184 8260 E myles.sunley@aspen-insurance.com FinPro Claims Elizabeth O Connell Head of FinPro Claims T +44 20 7184 8433 E elizabeth.o connell@aspen-insurance.com CONTACT US Aspen Singapore PTE Ltd. CapitaGreen, 138 Market Street Level 4 Singapore 048946 T +65 6408 1006 E singaporeenquiries@aspen-insurance.com 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. 03-18