Income down almost 200% in Q2 at Aspen amid selective strategy
Aspen Insurance saw gross written premium fall by 7.3% to $722.8m (£464m) from $779.3m in the second quarter of 2015 as the firm reduced its exposure to certain energy-related Lloyd’s lines of business.
The insurer chalked up a significant drop in net income after tax to $49m for the quarter (Q2 2014: $130.8m), while the combined operating ratio suffered a 3.5 percentage point hit to 93.6% (Q2 2014
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