Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 91

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 91
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 service providers affiliated with Apollo may be engaged by us or AAME to provide services to us that may include, without limitation, the arranging, brokering, sourcing or originating of investments or providing other advisory services, and there can be no assurance that such services will be provided on terms comparable to those of an unaffiliated third party. We also may from time to time be part of a syndicate that provides insurance to Apollo-affiliated entities and conflicts may arise to the extent such affiliated entities make claims under their policies.

From time to time, AAME or Apollo may acquire investments on our behalf which are senior or junior to other instruments of the same issuer that are held by, or acquired for, another AAME or Apollo client (for example, we may acquire junior debt while another AAME or Apollo client may acquire senior debt). In the event such an issuer enters bankruptcy or becomes otherwise insolvent, the client holding securities which are senior in preference may have the right to aggressively pursue the issuer’s assets to fully satisfy the issuer’s indebtedness to the client, and the client holding the investment which is junior in the capital structure may not have access to sufficient assets of the issuer to completely satisfy its claim against the issuer and may suffer a loss. AAME and Apollo have adopted procedures that are designed to enable AAME and Apollo to address such conflicts and to ensure that clients are treated fairly and equitably in these situations. However, given AAME’s or Apollo’s fiduciary obligations to the other client, AAME and Apollo may be unable to manage our investment in the same manner as would have been possible without the conflict of interest. In such event, we may receive less return on such investment than if we and another AAME or Apollo client had not invested in the capital structure of the same issuer.

Apollo and its affiliates have diverse and expansive private equity, credit and real estate investment platforms, investing in numerous companies across many industries. If Apollo acquires or forms a company with a business strategy competing with ours, additional conflicts may arise between us and Apollo or between us and such company in executing our plans, including with respect to the allocation of investments or the ability to execute on corporate opportunities.

Further, Apollo and its affiliates regularly obtain material non-public information regarding various potential acquisition or trading targets. When Apollo and its affiliates obtain material non-public information regarding a potential acquisition or trading target, AAME and Apollo become restricted from trading in the securities of such potential acquisition or trading target. Some of such securities may be potential investment opportunities for us, or