Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 28

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 28
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 internationally traded non-life, commercial and specialty insurance and reinsurance business written by insurers operating outside Lloyd’s. This is mostly P&C (re)insurance, with an increasing emphasis on high-exposure risks. The diversity and expertise of insurers and underwriting talent, as well as the ecosystem of service providers, make this a highly attractive market to write our U.K.-centric lines of business. We write business in this market through Aspen Insurance UK Limited. We wrote $367 million of gross written premiums in this market for the twelve months ended December 31, 2024 and $320 million for the twelve months ended December 31, 2023.

#### Global Reinsurance Market
Global reinsurer capital rose to a new high of $715 billion at September 30, 2024, an increase of $45 billion relative to the end of 2023, driven mainly by retained earnings according to Aon data. Reinsurers are actively deploying this additional capital across many lines of business in pursuit of growth. This additional supply is outstripping ceding company demand leading to modest price weakening primarily in property and specialty lines. Given concerns around social inflation and pockets of adverse loss development in the industry, casualty lines are experiencing increases in price, but generally stable trading conditions. Overall, the reinsurance market is attractive and continues to be adequately priced across most lines of business. Our global underwriting platforms in

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reinsurance and differentiated, diverse ACM capabilities provide us with an opportunity to react quickly to market conditions and benefit from the current market cycle .

Our Reinsurance business segment is underwritten through four core platforms, which include AAIC, Aspen UK, Syndicate 4711, and Aspen Bermuda. This also encompasses our branch offices, with our European hub in Zurich and our Asia Pacific hub in Singapore under Aspen Bermuda, and our Canadian branch under Aspen UK. We wrote $1,886 million of gross written premiums in the reinsurance market for the twelve months ended December 31, 2024 and $1,521 million for the twelve months ended December 31, 2023.

#### Our Sustainability Principles
For Aspen, sustainability is about helping our clients when they need us, delivering for our shareholders, supporting our communities and creating a nurturing and inclusive working environment for our colleagues. Our sustainability approach is committed, open minded, pragmatic and comes from the heart of our business. We believe we can make greater impact by taking thoughtful and responsible actions today, ultimately playing our part in a more sustainable future