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Kevin Pallett and Geoff Crisp Appointed to Develop Aspen’s UK Regional Platform

London, England, June 16, 2010 – Aspen Insurance UK Limited, a subsidiary of Aspen Insurance Holdings Limited (NYSE:AHL), announced today that it has appointed Kevin Pallett and Geoff Crisp to launch a range of new insurance and risk management products for selected brokers and their clients in the UK  market.

The new company will write business for Aspen Insurance UK Limited (“Aspen Insurance”) through a number of regional offices. This will comprise a broad range of property, casualty and specialty insurance products with a wide range of risk management and health and safety services. The Company intends to offer these products to a panel of carefully selected brokers early in 2011.

Rupert Villers, CEO Aspen Insurance, said, “We are delighted to have recruited Kevin Pallett and Geoff Crisp as their track record speaks for itself. They share our vision for quality service, technical excellence and insurance products supported by risk and claims management services. Their appointment underlines our strategy of selective diversification of both our products and distribution capability.”

Kevin Pallett commented, “We are very excited to be joining Aspen and working with Rupert Villers, who shares our philosophy of developing innovative products and services that will closely match our brokers’ and their clients’ needs.”

Geoff Crisp, added, “Aspen already writes a wide range of innovative property, casualty and specialty products which have been focused in the UK on the London market. We look forward to working with the teams at Aspen to develop these products for a wider range of brokers and their clients.”

Kevin Pallett and Geoff Crisp have over 60 years experience between them specialising in the UK insurance market. Most recently, in 2000, they founded Fusion Insurance Services Limited (FISL). It acted as a “virtual insurer” dealing with mid-size UK commercial clients seeking risk management led insurance solutions. FISL quickly established a strong reputation with brokers for its differentiated approach and was sold to Towergate in 2005 with gross written premium in excess of £100m. 

About Aspen Insurance Holdings Limited
Aspen 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 States and the United Kingdom. For the twelve months ended December 31, 2009, Aspen reported gross written premiums of $2,067.1 million, net income of $473.9 million and total assets of $8.3 billion. Its operating subsidiaries have been assigned a rating of “A” (“Strong”) by Standard & Poor’s, an “A” (“Excellent”) by A.M. Best and an “A2” (“Good”) by Moody’s Investors Service. For more information about Aspen, please visit www.aspen.bm.

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, establishment of new offices and its ability to execute its business plans and grow certain lines. 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, 2009, filed with the U.S. Securities and Exchange Commission on February 26, 2010.

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