In 2012, Aspen blamed a "difficult year" as it reported a net loss of $105.8m and recorded a combined ratio of 115.6% for the full year 2011.
However, Aspen's combined ratio for 2012 dropped by 21% to 94.3%, which included 10.8% or $205m of pre-tax catastrophe losses, net of reinsurance and reinstatements.
Gross written premiums were also up 17% to $2.6bn but net investment income edged down from $225.6m in 2011 to $204.9m.
Aspen also announced a new $500m share repurchase authorisation to
The Insurance Age team examine the most read stories for the week commencing 3 June 2019.Subscribe to our daily newsletter for all the latest news
- Tokio Marine Kiln Insurance to go into run-off
- GRP-owned Sagars buys Thomas Cook
- PIB's £50m spending on brokers in 2018 revealed
- Insurers could face fines for £4bn dual pricing "rip off"
- Hiscox creates Cyber Exposure Calculator
- Adrian Brown becomes NED at SSP
- Waite-led Premium Credit takes Howells from Close Brothers and Thomas from RSA