Aspen’s Q1 adjusted UW gain falls 18% to $91mn
Aspen’s Q1 adjusted underwriting income fell by 18 percent to $91mn from $111mn, driven by a core loss ratio that weakened by 150 bps to 52.6 percent, an expense ratio that worsened by 120 bps to 28.8 percent while gross premiums written grew by 17 percent to $1.23bn.