HAMILTON, Bermuda--([ BUSINESS WIRE ])--Aspen Insurance Holdings Limited (aAspena or athe Companya) (NYSE: AHL) today announced that the Companyas Board of Directors (the aBoarda) has appointed Mr. Ron Pressman to the Board in a non-executive capacity with immediate effect. Mr Pressman has also been appointed to the Companyas Compensation and Investment Committees.
Mr. Glyn Jones, Chairman of the Board commented: aI am delighted that Ron has agreed to join Aspenas board of directors. Ron brings with him a wide range of experience from his time at General Electric, having held senior executive positions both within and outside of the insurance industry. We are delighted that these skills will now be available to our board and look forward to working with Ron in the future.a
Mr. Pressman worked at General Electric Corporation (aGeneral Electrica or aGEa) for over 30 years. As President and CEO of GE Capital Real Estate, he led one of the worldas largest and most diversified commercial real estate finance and investment firms, with a presence in 35 countries and a portfolio of more than $85 billion in assets. During his time at GE, Mr Pressman also served as President and Chief Executive Officer of GE Asset Management and Chairman, CEO and President of Employers Reinsurance. Earlier in his career Mr. Pressman led GEas Energy businesses in Europe, the Middle East, Africa, Southwest Asia and the United States.
Mr. Pressman has a bachelor's degree from Hamilton College and serves the College as a Charter Trustee. He also serves as Chairman of the national board of A Better Chance, a non-profit organization which opens doors to leadership development for children of color in the United States and as a Director of Pathways to College, a non-profit that delivers college preparatory skill building to underserved populations in some of the toughest urban and rural districts in the US. Mr Pressman has also recently been appointed to the Board of New York Life Insurance Company.
About Aspen Insurance Holdings Limited
The Company provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France, Germany, Ireland, Singapore, Switzerland, the United Kingdom and the United States. For the twelve months ended December 31, 2010, the Company reported gross written premiums of $2,076.8 million, net income of $312.7 million and total assets of $8.8 billion. Its operating subsidiaries have been assigned a financial strength rating of aAa (aStronga) by Standard & Poor's, an aAa (aExcellenta) by A.M. Best and an aA2a (aGooda) by Moody's Investors Service. For more information about Aspen, please visit [ www.aspen.co ].
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995:
This press release contains written, and Aspen's officers may make related oral, "forward-looking statements" within the meaning of the U.S. federal securities laws regarding its appointment of personnel and execution of its business plans. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "expect," "intend," "plan," "believe," "project," "anticipate," "seek," "will," "estimate," "may," "continue," and similar expressions of a future or forward-looking nature. All forward-looking statements rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside Aspen's control that could cause actual results to differ materially from such statements, including changes in market conditions and their impact on our business. For a detailed description of uncertainties and other factors that could impact the forward-looking statements in this release, please see the "Risk Factors" section in Aspen's Annual Report on Form 10-K for the year ended December 31, 2010, filed with the U.S. Securities and Exchange Commission on February 25, 2011.