'Encouraging' Aspen Q1 results affected by Costa Concordia
Aspen has reported Q1 net income after tax of $78.7m (£48.6m), leading chief executive Chris O'Kane to describe his firm's early results as "encouraging" despite insurance results being affected by the sinking of the Costa Concordia.
In the first quarter of 2012, gross written premiums at the Bermuda-based firm were recorded at $782.1m (£482.8m), an increase 16.5% on last year ($671.3).
A combined ratio of 93.8%, or 90.1%
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