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No Immediate Hard Market Seen By Aspen CEO And Others

The chief executive of Aspen Insurance Holdings cautioned against trumpeting the end of the soft market during an earnings conference call this morning, also reporting a quarterly net loss figure of $

By Susanne Sclafane | Updated on October 30, 2008

The chief executive of Aspen Insurance Holdings cautioned against trumpeting the end of the soft market during an earnings conference call this morning, also reporting a quarterly net loss figure of $116.7 million for Aspen.

Aspen’s net loss for the quarter, amounting to $1.02 per share, was largely attributable to $155 million in net losses from Hurricanes Ike and Gustav, and negative performance on an investment in a fund of hedge funds.

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