Research Update: Bermuda-Based Aspen Insurance Affirmed At 'A'; Outlook Remains Negative On Planned Acquisition By Private Equity Fund - S&P Global Ratings’ Credit Research

Research Update: Bermuda-Based Aspen Insurance Affirmed At 'A'; Outlook Remains Negative On Planned Acquisition By Private Equity Fund

Research Update: Bermuda-Based Aspen Insurance Affirmed At 'A'; Outlook Remains Negative On Planned Acquisition By Private Equity Fund - S&P Global Ratings’ Credit Research
Research Update: Bermuda-Based Aspen Insurance Affirmed At 'A'; Outlook Remains Negative On Planned Acquisition By Private Equity Fund
Published Aug 28, 2018
6 pages (2030 words) — Published Aug 28, 2018
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Aug. 28, 2018, Aspen Insurance announced that will be acquired by Apollo Global Management's new private equity fund, subject to various approvals. We believe that under Apollo's ownership Aspen is likely to preserve its strong business position and risk-based capital adequacy (according to our model) securely in the 'AA' range. We are therefore affirming our 'BBB+' rating on Aspen Insurance Holdings Ltd. and our 'A' ratings on Aspen's core subsidiaries. The negative outlook indicates that we could lower the ratings by one notch if Aspen does not improve its underwriting performance over the next 18-24 months to a level broadly in line with that of its peers. On Aug. 28, 2018, S&P Global Ratings affirmed its 'BBB+' long-term issuer

  
Brief Excerpt:

...+ On Aug. 28, 2018, Aspen Insurance announced that will be acquired by Apollo Global Management's new private equity fund, subject to various approvals. + We believe that under Apollo's ownership Aspen is likely to preserve its strong business position and risk-based capital adequacy (according to our model) securely in the '##' range. + We are therefore affirming our '###+' rating on Aspen Insurance Holdings Ltd. and our 'A' ratings on Aspen's core subsidiaries. + The negative outlook indicates that we could lower the ratings by one notch if Aspen does not improve its underwriting performance over the next 18-24 months to a level broadly in line with that of its peers....

  
Report Type:

Research Update

Ticker
AHL
Issuer
Aspen Insurance Holdings Ltd.
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers , Structured Finance
Country
Bermuda
Region
Latin America
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Bermuda-Based Aspen Insurance Affirmed At 'A'; Outlook Remains Negative On Planned Acquisition By Private Equity Fund" Aug 28, 2018. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Bermuda-Based-Aspen-Insurance-Affirmed-At-A-Outlook-Remains-Negative-On-Planned-Acquisition-By-Private-Equity-Fund-2091575>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Bermuda-Based Aspen Insurance Affirmed At 'A'; Outlook Remains Negative On Planned Acquisition By Private Equity Fund Aug 28, 2018. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Bermuda-Based-Aspen-Insurance-Affirmed-At-A-Outlook-Remains-Negative-On-Planned-Acquisition-By-Private-Equity-Fund-2091575>
  
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