Aspen reports ‘disappointing’ results for 2019 as it appoints CFO
Aspen Insurance has reported an operating loss after tax of $48.4m (£39.7m), which it says is driven by costs relating to the acquisition of the company by Apollo Global Management, restructuring costs, reserve strengthening, unrealised investment losses and exchange rate impact.
Aspen entered an agreement with investment manager Apollo in August 2018 to sell all remaining shares in the business for $42.75 (£33.15) per share, a total of $2.6bn (£2bn).
Gross written premiums
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