Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 240

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 240
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 an admitted and E&S basis, respectively. For the twelve months ended December 31, 2024, we generated $821 million and $1,072 million of gross written premiums in the U.S. E&S and admitted markets, respectively. For the twelve months ended December 31, 2023, we generated $879 million and $863 million of gross written premiums in the U.S. E&S and admitted markets, respectively.

International Insurance

Our international insurance products are underwritten in the London Market, through both our Lloyd’s and U.K. Company Market platforms.

Lloyd’s is a competitive insurance market where individual underwriters accept risks on behalf of groups, called syndicates, of individual and corporate members whose resources provide the security behind the Lloyd’s policies that they underwrite. Lloyd’s is the world’s largest specialty insurance marketplace, underwriting £56 billion of premiums during the twelve months ended December 31, 2024, up 7% from the same period in the prior year. The Lloyd’s global distribution network is where many of the world’s most complex risks are placed, across more than 60 specialty lines of business. Over 50 leading insurance companies participate in the market with more than 380 registered Lloyd’s brokers and a global network of over 4,000 local coverholders. We have a significant presence at Lloyd’s through our integrated Lloyd’s vehicle, comprising Syndicate 4711, managed by AMAL with fully aligned capital, which in addition to access to complex risks also provides us (re)insurance licensing access for 80 territories (and an additional 20 territories on a reinsurance only basis) across the Americas, the United Kingdom, Europe, and Asia Pacific. AUL, as the sole corporate member of Syndicate 4711, must deposit sufficient capital to support its underwriting at Lloyd’s. Aspen is well positioned within Lloyd’s, with Syndicate 4711 having a reported combined ratio of 82.3% for 2024 and a reported combined ratio of 86.7% for the twelve months ended December 31, 2023. We wrote $1,400 million of gross premiums in the Lloyd’s market for the twelve months ended December 31, 2024 and $1,054 million for the twelve months ended December 31, 2023.

The U.K. Company Market is an important market for global specialty insurance, with companies and individuals worldwide turning to this market to protect against niche and hard-to-place risks, ranging from liability and professional