Bermuda-based Aspen Insurance Holdings Limited reported first quarter net income fell 33 percent at $81.2 million compared with $121.9 million for the period last year
The company said it had lower written premiums due to the soft market, and lower net investment income.
Aspen said that its net earned premium for the quarter was $391.6 million, compared to $439 million in the first quarter of 2007. The combined ratio deteriorated by six points rising from 79.4 in the first quarter of 2007 to 85.4.
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