Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 213

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 4
Chunk 213
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 independence; and (iv) the performance of the Company’s internal audit function. Among other things, the Audit Committee annually reviews and makes recommendations to the Board as to their selection and reviews the plan, fees (as otherwise determined by management) and results of the audit of the independent auditors, as well as the fees (as otherwise determined by management) and proposed scope of any non-audit services to be provided by the independent auditor. Such matters may be considered pursuant to the terms of the pre-approval policy adopted by the Board. The Audit Committee also is directly responsible for the appointment, compensation, retention and oversight of the work of the Company’s independent auditors (including resolution of disagreements between management and the auditor regarding financial reporting), and the Company’s independent auditors must report directly to the Audit Committee.

The Board determined that each of the members of the Audit Committee are financially literate as such term is defined by applicable NYSE and SEC requirements. In addition, the Board has determined that Mr. Lightowler qualifies as having accounting or related financial management expertise pursuant to NYSE requirements and is an “audit committee financial expert” pursuant to the rules and regulations of the SEC.

Other Standing Committees

The Board currently has a Risk Committee, Investment Committee and a Conflicts Committees. The Board is not required to have a remuneration or compensation committee. Notwithstanding the foregoing, the Board has established a Compensation Committee and a Nominating and Corporate Governance Committee, each of which will formally take effect upon completion of the Potential Initial Public Offering. See “ Item 4B - Business Overview - Risk Management” for more information regarding these committees and “ Item 16G - Corporate Governance” for a summary of ways in which our corporate governance practices differ from those followed by U. S. domestic companies listed on the NYSE.

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D. Employees

As at December 31, 2024, we employed 1,128 persons in the following countries:

  Country             As at December 31, 2024      As at December 31, 2023      December 31, 2022  
 ───────────────────────────────────────────────────────────────────────────────────────────────────
  United Kingdom                          569                          524                    459  
  United States                           452                          426                    391  
  Bermuda                                  71                           70                     57  
  Switzerland                              21                           20                     21  
  Singapore                                15                           13                     14  
  Australia                                 —                            —