Aspen posts $355.8m profit for 2014

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Aspen has reported an increase in insurance gross written premiums (GWP) of 14% to $1.73bn [£1.13bn] for 2014.

The annual results for Aspen Insurance Holdings also revealed that insurance underwriting income reached $50.7m, reversing a loss of $43.9m in 2013.

The combined operating ratio (COR) for the division came in at 96.2%, a vast improvement on the 103.9% achieved in 2013.

Mario Vitale, CEO of insurance at Aspen, commented: "2014 was a year of continued progress for the insurance segment.

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