Free Trial Corporate Access
Reactions Copying and distributing are prohibited without permission of the publisher

Aspen swings to a net loss in 2011

07 February 2012

The Bermudian firm said that catastrophe costs have reached $534m for the year, straining profitability at the re/insurer.

Read more: Aspen Financial Results Q4 Chris O'Kane

Aspen has slumped to a net loss of $105.8m for the full year of 2011, with a net income of $13.5m for the final three months of the year.

By contrast, the Bermudian re/insurer reported net profits of $312.7m for 2010, and $92.7m for the final quarter of the year.


Aspen attributed the damage to catastrophe costs, which it estimates reached $534.3m over...


25 Mar 2015
In this week's Reactions the Review
Kizuna Re II grows, gets high rating
New Solvency II statement from PRA
Catastrophes hit Allstate in Feb
Rims urges US Treasury


View this issue

For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.