Aspen: Well Positioned To Achieve 10% Operating ROE Objective In 2014

(RTTNews) - Aspen Insurance Holdings Limited (AHL) announced that the company is well positioned to achieve 10% operating ROE objective in 2014 and to deliver on expectation that 2015 operating ROE will increase in the order of 100 basis points from 2014.

Chris O'Kane, CEO of the company, said: "Aspen is executing on a clear strategy for delivering superior performance, as evidenced by strong results across all parts of our business in the first quarter, with a resulting annualized operating ROE of 14.8%. Aspen is at an inflection point where the significant investments we have made over the past several years are now paying off."

The company also noted that the restructuring of its ceded reinsurance and retrocessional programs is expected to deliver an estimated $25 million benefit to net income in 2014 and a further $20 million in 2015.