Matthew Heimermann's questions to ASPEN INSURANCE HOLDINGS LTD (AHL) leadership • Q2 2025
Question
Matthew Heimermann from Citi asked for identification of business lines that Aspen does not currently consider to be price adequate. He also inquired whether recent geopolitical tensions have altered loss content or risk perception within Aspen's political risk portfolio.
Answer
Christian Dunleavy, Group President & CEO of Aspen Bermuda Limited, identified primary casualty as a line that still requires more rate increases to be considered price adequate. He also noted that property non-cat is 'on the brink' and D&O needs more work. Regarding political risk, he acknowledged that while events like attacks on ships require careful monitoring, the diversified nature of the portfolio, which includes credit and terror risk, helps balance overall exposure.