Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 487

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 487
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 be based on a cost-plus structure. The “cost” is comprised of the direct and indirect fees, costs, expenses and other liabilities arising in or otherwise connected with the services provided under the IMAs. The “plus” component will be a mark-up in an amount of up to 25% determined based on an applicable transfer pricing study. The Management Fee will be subject to certain maximum threshold levels, including an annual fee cap of 15bps of the total amount of investable assets. Affiliated sub-advisors, including Apollo Management International LLP, will also earn additional fees for sub-advisory services rendered.

<div align='center'>F-69</div>

During the year ended December 31, 2024, the Company recognized IMA fees of $ 9.2million (2023 — $ 9.4million; 2022 — $ 4.9million), of which $ 4.0million (2023 — $ 2.1million) remains payable to AAME at year end.

Management Consulting Agreement

As previously disclosed, the Company entered into a Management Consulting Agreement, dated March 28, 2019 (the “Management Consulting Agreement”), with AMH. Pursuant to the Management Consulting Agreement, AMH will provide the Company management consulting and advisory services related to the business and affairs of the Company and its subsidiaries. The Company will pay AMH in consideration for its services under the Management Consulting Agreement, an annual management consulting fee equal to the greater of (i) 1% of the consolidated net income of the Company and its subsidiaries for the applicable fiscal year, or (ii) $ 5million.

During the year ended December 31, 2024, the Company recognized Management Consulting fees of $ 5.0million (2023 — $ 5.0million; 2022 — $ 5.0million), of which $ 1.3million remains payable to AMH at year end (2023 — $ 1.2million).

Related Party Investments

During the year, the Company bought or held the following securities or investments in Apollo:

As at December 31, 2024, the Company’s investment in Funds managed by Apollo had a fair value of $ 78.6million (2023 — $ 39.8million). During the twelve months ended December 31, 2024, the Company incurred income of $ 0.4million (2023 — losses of $ 0.4million;