Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 135

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 135
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 coverage issues in our business and social inflation;

• cyclical changes in the insurance and reinsurance industries;

• our reinsurers may not reimburse us for claims on a timely basis, or at all;

• the reliance on third parties for the assessment and pricing of individual risks;

• the failure of any risk management and loss limitation methods we employ;

• the reinsurance that we purchase may not always be available on favorable terms or we may choose to retain a higher proportion of particular risks compared to previous years;

• actual claims exceeding our loss reserves;

• economic inflation;

• increases in the frequency and severity of cyber-attacks on our policyholders;

• interest rate risk, credit risk, real estate related risks, market risk, servicing risk, loss from catastrophic events and other risks;

• adverse developments affecting the financial services industry and the potential contagion impact to, and resulting stress on, the financial services sector generally;

• failing to realize profits from or losing some or all of the principal amount of our invested assets if we are required to sell our invested assets at a loss to meet our insurance, reinsurance or other obligations;

• volatility and uncertainty in general economic conditions and in financial and mortgage markets;

• the determination of the amount of allowances and impairments taken on our investments;

• currency fluctuations that we may not be effective at mitigating;

• the failure of policyholders, brokers or other intermediaries or reinsurers to honor their payment obligations;

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Table of C ontents

• competition and consolidation in the (re)insurance industry;

• a decline in any of the ratings of our Operating Subsidiaries could adversely affect our standing among brokers and customers and cause our premiums and earnings to decrease;

• increasing scrutiny and evolving expectations from investors, customers, regulators, policymakers and other stakeholders regarding environmental, social and governance matters;

• future acquisitions, growth of our operations through the addition of new lines of (re)insurance business, expansion into new geographic regions and/or joint ventures or partnerships;

• the loss of business provided by brokers that account for a large portion of our insurance and reinsurance revenues;

• our management of alternative reinsurance platforms on behalf of investors in any entities ACM manages or could manage in the future;

• the inability to obtain additional capital or to only obtain capital on unfavorable terms;

• our debt, credit and ISDA agreements may limit our financial and operational flexibility;

• political, regulatory, governmental and industry initiatives;

• changes in regulations that adversely affect the U.S. mortgage insurance and re