Aspen Specialty Insurance Company: A Leading Provider of Property and Casualty Insurance

an image of  Aspen Specialty Insurance Company
Learn everything you need to know about Aspen Specialty Insurance Company, a leading provider of property and casualty insurance products for various industries and risks./PHOTO COURTESY/Instagram

Aspen Specialty Insurance Company is a part of Aspen Insurance, a leading insurer and reinsurer that operates globally.

It offers a range of property and casualty insurance products, such as aviation, marine, technology liability, and environmental liability.

In this article, we will explore what type of insurance provides, whether it is an admitted carrier, who owns it, and how to contact it.

What type of insurance is Aspen Specialty  Company?

Aspen Insurance Company provides solutions for various industries and risks. Some of the products it offers are:

  • Aviation:

Aspen  Insurance Company covers airlines, airports, general aviation, aerospace manufacturers, and aviation service providers.

  • Marine:

It covers cargo, hull and machinery, marine liability, inland marine, and marine construction.

  • Technology Liability:

Aspen Specialty Company covers technology errors and omissions, cyber liability, media liability, and intellectual property infringement.

  • Environmental Liability:

It covers pollution legal liability, contractors pollution liability, environmental impairment liability, and remediation cost cap.

Is Aspen Specialty Company admitted?

Aspen  Insurance Company is not an admitted carrier in the United States.

It operates on an excess and surplus lines basis1, which means that it can offer coverage for risks that are not available in the standard market.

Excess and surplus lines insurers are not subject to the same regulations as admitted carriers, but they are still regulated by the state where they are domiciled.

Aspen  Company is domiciled in North Dakota

Who owns Aspen Insurance?

Aspen Insurance is owned by certain investment funds affiliated with Apollo Global Management, Inc., a leading global alternative investment manager.

Apollo acquired Aspen Insurance in February 2019 for $2.6 billion.

Apollo’s portfolio of companies includes other insurance businesses, such as Athene Holding Ltd., Catalina Holdings (Bermuda) Ltd., and SiriusPoint Ltd.

How do I contact the Aspen insurance company?

There are several ways to contact Aspen SpecialtyCompany, depending on your needs.

Here are some of the contact details for different purposes:

Conclusion

Aspen  Insurance Company is a part of a leading insurer and reinsurer that operates globally.

It offers a range of property and casualty insurance products for various industries and risks.

It is owned by certain investment funds affiliated with Apollo Global Management, Inc.

You can contact it by phone, email, or mail for different purposes.

You can also visit its website or its parent company’s website to learn more about its products and services.

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