<SEC-DOCUMENT>0001267395-18-000012.txt : 20180126
<SEC-HEADER>0001267395-18-000012.hdr.sgml : 20180126
<ACCEPTANCE-DATETIME>20180126112034
ACCESSION NUMBER:		0001267395-18-000012
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180126
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180126
DATE AS OF CHANGE:		20180126

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASPEN INSURANCE HOLDINGS LTD
		CENTRAL INDEX KEY:			0001267395
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31909
		FILM NUMBER:		18550510

	BUSINESS ADDRESS:	
		STREET 1:		141 FRONT STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 19
		BUSINESS PHONE:		1 441 295 8201

	MAIL ADDRESS:	
		STREET 1:		141 FRONT STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 19
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ahl8-kmanagementchanges.htm
<DESCRIPTION>8-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2018 Workiva -->
		<title>Document</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s2A3EA980F66A5B45A90BEC3E95F2211F"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Washington, DC 20549</font><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:27%;"></td><td style="width:46%;"></td><td style="width:27%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:9px;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">FORM 8-K</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:27%;"></td><td style="width:46%;"></td><td style="width:27%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Current Report</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Pursuant to Section&#160;13 OR 15(d)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">of the Securities Exchange Act of 1934</font></div><div style="line-height:120%;padding-top:9px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Date of Report (Date of earliest event reported): January 26, 2018</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:27%;"></td><td style="width:46%;"></td><td style="width:27%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;padding-top:9px;text-align:center;font-size:24pt;"><font style="font-family:inherit;font-size:24pt;font-weight:bold;">ASPEN INSURANCE HOLDINGS LIMITED</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(Exact name of registrant as specified in its charter)</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:27%;"></td><td style="width:46%;"></td><td style="width:27%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:34%;"></td><td style="width:33%;"></td><td style="width:33%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Bermuda</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">001-31909</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Not Applicable</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(State or other jurisdiction</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">of incorporation)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(Commission</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">File Number)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(I.R.S. Employer</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Identification No.)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">141 Front Street</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Hamilton HM 19</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(Address of principal executive offices)</font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(Zip Code)</font></div><div style="line-height:120%;padding-top:9px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Registrant&#8217;s telephone number, including area code: (441)&#160;295-8201</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Not Applicable</font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(Former name or former address, if changed since last report)</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:27%;"></td><td style="width:46%;"></td><td style="width:27%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:3%;"></td><td style="width:97%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:3%;"></td><td style="width:97%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:3%;"></td><td style="width:97%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:3%;"></td><td style="width:97%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:4px;font-size:10pt;"><font style="font-family:inherit;font-size:9.5pt;">Indicate by check mark whether the registrant is an emerging growth company as defined </font><font style="font-family:inherit;font-size:10pt;">in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2).</font><font style="font-family:inherit;font-size:9.5pt;">&#32;</font></div><div style="line-height:120%;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:3%;"></td><td style="width:97%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Emerging growth company</font></div></td></tr></table></div><font style="font-family:inherit;font-size:9.5pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:3%;"></td><td style="width:97%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:27%;"></td><td style="width:46%;"></td><td style="width:27%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sCA11125A489950DE8751C86DBB20AFF2"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;-sec-extract:summary;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Section 5 &#8212; Corporate Governance and Management</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 26, 2018, Aspen Insurance Holdings Limited (&#8220;Aspen&#8221; or the &#8220;Company&#8221;) issued a press release announcing that Stephen Postlewhite, previously the Chief Executive Officer of Aspen Insurance, has left the Company effective January 26, 2018.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Section 7 &#8212;  Regulation FD</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 7.01 Regulation FD Disclosure</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 26, 2018, Aspen issued a press release announcing that Stephen Postlewhite, previously the Chief Executive Officer of Aspen Insurance, has left the Company effective January 26, 2018. A copy of the press release is furnished as Exhibit 99.1.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Section 9 &#8212; Financial Statements and Exhibits</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 9.01 Financial Statements and Exhibits</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;">(d)   Unless otherwise specified above, the following exhibit is furnished as part of this report:</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="exhibit991managementchanges.htm"><font style="font-family:inherit;font-size:10pt;">99.1            Press Release of the Registrant, dated January 26, 2018.</font></a></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s32FC9F6EA79B54AD990D1A3ACFC979BE"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SIGNATURES</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:37%;"></td><td style="width:2%;"></td><td style="width:5%;"></td><td style="width:12%;"></td><td style="width:7%;"></td><td style="width:2%;"></td><td style="width:35%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ASPEN INSURANCE HOLDINGS LIMITED</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Registrant)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dated: January 26, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Scott Kirk</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Name:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Scott Kirk</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Title:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit991managementchanges.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2018 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s4B9187CCF4773F425693117F570727ED"></a></div><div><div style="line-height:138%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:138%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Exhibit 99.1</font></div><div style="line-height:138%;text-align:left;"><img src="image0a01a25.gif" alt="image0a01a25.gif" style="height:158px;width:156px;"></div><div style="line-height:120%;text-align:left;padding-left:30px;font-size:24pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:194px;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:30px;"></td><td style="width:162px;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;"><img src="image1a04a25.jpg" alt="image1a04a25.jpg" style="height:64px;width:18px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:24pt;"><font style="font-family:Arial Narrow;font-size:24pt;">PRESS  RELEASE</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:32px;text-align:left;padding-left:29px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;font-weight:bold;">ASPEN ANNOUNCES DAVID COHEN TO </font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;font-weight:bold;">LEAD ITS INSURANCE SEGMENT</font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">HAMILTON, Bermuda - 26 January, 2018 - </font><font style="font-family:Arial;font-size:10pt;">Aspen Insurance Holdings Limited (&#8220;Aspen&#8221;) (NYSE:AHL) announced today that David Cohen, President and Chief Underwriting Officer of Aspen Insurance, will lead the day-to-day management of the Insurance business, reporting to Group Chief Executive Officer, Chris O&#8217;Kane. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Chris O&#8217;Kane said: &#8220;David joined Aspen in November 2015. Since his arrival, he has upgraded the underwriting talent in our Insurance segment, is refocusing our underwriting book and is positioning Aspen Insurance for success in the next stage of its development. David is a strong and well-respected leader and I am confident that as we move forward, he will drive improvements across our Insurance business.&#8221;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Stephen Postlewhite, Chief Executive Officer of Aspen Insurance, is leaving the business with immediate effect.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#32;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Chris O&#8217;Kane commented: &#8220;Steve has made a significant contribution to Aspen over the last 15 years and I would like to wish him all the best for the future.&#8221;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">- ENDS -</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">NOTES TO EDITORS</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">About David Cohen</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">David Cohen joined Aspen Insurance in November 2015 as President and Chief Underwriting Officer. He&#160;has over 35 years' industry experience and, before joining Aspen,&#160;he was President (U.S.) and Global Casualty Chief Underwriting Officer&#160;at Liberty International Underwriters.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">About Aspen Insurance Holdings Limited</font><font style="font-family:Arial;font-size:10pt;">&#32;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, France, Germany, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. For the year ended December 31, 2016, Aspen reported $12.1 billion in total assets, $5.3 billion in gross reserves, $3.6 billion in total shareholders&#8217; equity and $3.1 billion in gross written premiums. Its operating subsidiaries have been assigned a rating of &#8220;A&#8221; by </font></div><div><br></div><div><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:138%;padding-bottom:13px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Standard &amp; Poor&#8217;s Financial Services LLC (&#8220;S&amp;P&#8221;), an &#8220;A&#8221; (&#8220;Excellent&#8221;) by A.M. Best Company Inc. (&#8220;A.M. Best&#8221;) and an &#8220;A2&#8221; by Moody&#8217;s Investors Service, Inc. (&#8220;Moody&#8217;s&#8221;). </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995 </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">This press release may contain written &#8220;forward-looking statements&#8221; within the meaning of the U.S. federal securities laws. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and can be identified by the use of words such as &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;believe,&#8221; &#8220;do not believe,&#8221; &#8220;project,&#8221; &#8220;anticipate,&#8221; &#8220;seek,&#8221; &#8220;will,&#8221; &#8220;estimate,&#8221; &#8220;may,&#8221; &#8220;likely,&#8221; &#8220;continue,&#8221; &#8220;assume,&#8221; &#8220;objective,&#8221; &#8220;aim,&#8221; &#8220;guidance,&#8221; &#8220;outlook,&#8221; &#8220;trends,&#8221; &#8220;future,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;target,&#8221; &#8220;on track&#8221; and similar expressions of a future or forward-looking nature. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">All forward-looking statements rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside Aspen&#8217;s control that could cause actual results to differ materially from such statements. For a detailed description of uncertainties and other factors that could impact the forward-looking statements in this press release, please see the &#8220;Risk Factors&#8221; section in Aspen&#8217;s Annual Report on Form 10-K for the year ended December 31, 2016 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2017, June 30, 2017 and September 30, 2017, each as filed with the U.S. Securities and Exchange Commission. Aspen undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;text-decoration:underline;">For further information: </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investors</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mark Jones, Senior Vice President, Investor Relations, Aspen</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#0000ff;text-decoration:underline;">mark.p.jones@aspen.co</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+1 (646) 289 4945</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Media</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Steve Colton, Head of Group Communications, Aspen</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#0000ff;text-decoration:underline;">Steve.colton@aspen.co</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+44 20 7184 8337</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:13px;text-align:center;font-size:13pt;"><font style="font-family:Arial;font-size:13pt;"><br></font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2</font></div><div style="line-height:138%;padding-bottom:13px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image0a01a25.gif
<TEXT>
begin 644 image0a01a25.gif
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MZSC/>5K2*G]<@'\<FP?Y8J0VO-E#;2;8AT">(#9C&4MA&_]46^<01[;/O<0
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M$W4(NHX'N,T$"+#H]63+*P5(X+8(6=T:>!4G$S*M<37X\ 1$6-M#LA27K11
M ^#J'O\8^*T,*.&\O(H #&^'K)0$)11,94YSWFRM[_%NE.$C9?\%^&IYUD4M
M4J'PX4#M"$Z8' ^:["',O@W$'WTTX<($D*Q^2$!RDV.EJHZ,Y="M0Z'*9.:M
MEHD"FK[#Q#_#&WD^5]7WB: >4$T<P+)ZCIN"5[3N6:9T#Y1EA(@ ;AY&@)PF
M)EM(04"S#YF M&!PC_9B4G95T._;3IL0^!6$LU(>EZ/]N0 *D$?(*HN5"2:P
MCD(G&:D7@$ Y]Z<R?1A  OA@P'>W.NL#R.// ;,MI1<"A<GM[IJ/.A:X3'6E
MAJ"GCZ^,U#9'5 -KKT&,H'RFJQ!0 +;>*LH%>"L%"E #*(@ I@I[[P2.ZFNW
M0.\!:*)>OB<5-GPD5[E:]4\$SC%I-^;_TFL&F"'<:G#8;;.WU ZHP5BM*A 1
M3D  ><+D4!WPK/E,KH;(4S>630"!9KMU7.]H@-:ZE. /HFK?U+WA.C[>P9_9
M(X'7A<<[E?OR XPTH.A6R*5I:((%4:G4LDI %?I19H043%@2>%1?B^6HZVV4
MANLP7LKM&3.CZ_G=[;GI.>!A'NM<T'7Y+K*1M:P7].@#"E (<=9.2)XYZR/$
M-&UK 6S:'DESU'GKD/C!>(2R;\D6 A(@;\X7\O%895)IX'H6 DZ>G8/\6Y,X
MI>F$1]L !XR74B+ '-[$$X"-%JC2?UO#?K:M3V/QFW7VB/<_J:SGM^*#6D="
M"';@AH 1D3B3_^":E/-"J8\B6ES;&QK KNO:QF#IYP(&AMCNC3KGB!=P7N#:
M]=S[W98VSA#@"A"XH(!?D$R]XQSM4:X_W3/@)6YX:\F18;69!&;9@HM\$O $
MD]<0HD9BWA)+3O, ,B1<U4(0$P //$9@$Q9OYY  \"4X1P-3Y&-R+C0XP^0G
M=;4Q5O)''W0!JV,C:V!<I?4>/M9[#&"!M;5Q>/< ?=0D@Y)).'B!.[40ZQ!B
MX%)J'O,E,J6 1J8=U6$"!2 /^%(G#, /H&80^U% XD$>;N,RY,<6R/,$- 1N
MZC< ]30T625:5/9/1P=T6"8"3\!E T!R"2 M_\<I \!*A68"I;(KC_^G /?
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M#]!N?\D  R 0*?(E@P)UNY( W,<11F.8Q]<I#2D0#_ B_$"6O&26IS5V!P%
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M6/XHA)J2-4BZ&"+0/6V9:BLT "6";NO4/ *A8F+"3-0"<%K)8I R  7)$1>
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MFE?WM@_I@:[2<CX64 -0+/#@7!0U+?\3$:[R9AJ5.7"R5R:65-=;&,%R@C4
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M&#/_@-DL\MA.'+*I\Q4P2U"P!_L8I+('7(!Z\[)><S+GH=,\BV>@2T  &\<
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M'%0!!MWC_FY+4P>@ )4'D."0Q.Z_64P62QX0@2G71BAKJ,*@!XRI> 4WR?>
M0E.5K09E*YNIG3* I\\QY!H;;8";MB\_CKM8\-J7 F5D0 0H8$ZAQ D*$3C'
M NY1VZ]XAO\Z[*;.!+3L:[(NY!X][G!7&?+D= M -/MX$TC>5%93W^]IWU9
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<!=1 %=1!)=1"-=1#1=1$5=1%9=1&=50^#0@ .P$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>image1a04a25.jpg
<TEXT>
begin 644 image1a04a25.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X1#^17AI9@  34T *@    @ ! $[  (
M   1   (2H=I  0    !   (7)R=  $    B   0U.H<  <   @,    /@
M   <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                                                 &9R86YC97-C
M82YV86YO<W,    %D ,  @   !0  !"JD 0  @   !0  !"^DI$  @    ,S
M.   DI(  @    ,S.   ZAP !P  " P   B>     !SJ    "
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
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;^1?T_P#Z]8__ $$5>(##!&1Z&@# P.E '__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
