Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 486

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 486
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 without the need to post cedant-specific security. The minimum trust fund amount is $ 20.0million plus an amount equal to 100% of Aspen Bermuda’s liabilities to its U.S. cedants which was $ 182.3million and $ 320.6million as at December 31, 2024 and 2023, respectively. As at December 31, 2024, the balance held in the U.S. trust fund and other Aspen Bermuda trusts was $ 334.0million (2023 — $ 394.7million).

U.S. Surplus Lines Trust Fund. Aspen UK and Syndicate 4711 have also established a U.S. surplus lines trust fund with a U.S. bank to secure liabilities under U.S. surplus lines policies. The balance held in trust as at December 31, 2024 was $ 150.2million (2023 — $ 126.6million).

U.S. Regulatory Deposits. As at December 31, 2024, Aspen Specialty had a total of $ 6.9million (2023 — $ 6.8million) on deposit with six U.S. states in order to satisfy state regulations for writing business in those states. AAIC had a further $ 6.5million (2023 — $ 6.4million) on deposit with twelve U.S. states.

Canadian Trust Fund. Aspen UK has established a Canadian trust fund with a Canadian bank to secure a Canadian insurance license. As at December 31, 2024, the balance held in trust was CAD$ 219.8million ($ 162.7million) (2023 — CAD$ 228.4million).

Australian Trust Fund. Aspen UK has established an Australian trust fund with an Australian bank to secure policyholder liabilities and as a condition for maintaining an Australian insurance license. As at December 31, 2024, the balance held in trust was AUD$ 78.1million ($ 54.1million) (2023 — AUD$ 131.0million).

Swiss Trust Fund. Aspen UK has established a Swiss trust fund with a Swiss bank to secure policyholder liabilities and as a condition for maintaining a Swiss insurance license. As at December 31, 2024, the balance held in trust was CHF 4.8million ($ 5.7million) (2023 — CHF 9.9million).

Singapore Fund. Aspen UK and Aspen Bermuda have established segregated