A.M. Best Assigns Rating to Preference Shares Issued by Aspen Insurance Holdings Limited

  A.M. Best Assigns Rating to Preference Shares Issued by Aspen Insurance
  Holdings Limited

Business Wire

LONDON -- April 26, 2013

A.M. Best Europe – Rating Services Limited has assigned a debt rating of “bb+”
to the USD 275 million 5.95% preference shares issued by Aspen Insurance
Holdings Limited (Aspen) (Bermuda). The outlook for this rating is stable. All
other ratings on Aspen entities and related debt issues remain unchanged.

A.M. Best expects the net proceeds from the offering to be used to redeem the
current USD 230 million Perpetual Preferred Income Equity Replacement
Securities and to support other general corporate purposes. The new perpetual
preference shares have a coupon rate of 5.95% per annum and are non-callable
for ten years. Financial and debt leverage ratios remain within A.M. Best’s
tolerance levels.

The methodology used in determining these ratings is Best’s Credit Rating
Methodology, which provides a comprehensive explanation of A.M. Best’s rating
process and contains the different rating criteria employed in the rating
process. Best’s Credit Rating Methodology can be found at
www.ambest.com/ratings/methodology.

In accordance with Regulation (EC) No. 1060/2009, the following is a link to
required disclosures: A.M. Best Europe - Rating Services Limited Supplementary
Disclosure.

A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best
Company. A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit
www.ambest.com.

       Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contact:

A.M. Best Europe – Rating Services Limited
Reza Pakravan
Financial Analyst
+(44) 20 7397 0293
reza.pakravan@ambest.com
or
Deniese Imoukhuede
Senior Financial Analyst
+(44) 20 7397 0277
deniese.imoukhuede@ambest.com
or
Rachelle Morrow
Senior Manager, Public Relations
+(1) 908 439 2200, ext. 5378
rachelle.morrow@ambest.com
or
Jim Peavy
Assistant Vice President, Public Relations
+(1) 908 439 2200, ext. 5644
james.peavy@ambest.com
 
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