Aspen Insurance Holdings Ltd. has received approval to establish a new Lloyd's Syndicate, called Syndicate 4711.

Syndicate 4711 will commence underwriting from early April for business incepting from May 1, 2008 and will go by the pseudonym "ASP".

It is managed by a newly created Lloyd's managing agency, Aspen Managing Agency Ltd, which is authorised by the Financial Services Authority in the UK. Syndicate 4711's business plan for 2008 is to renew certain participations on selected classes of business currently written by its existing UK company, Aspen Insurance UK Ltd. These classes include energy, hull, marine liability, transportation related liability, aviation and certain speciality reinsurance lines.

Aspen believes the Lloyd's brand, market positioning and licences make it a leading specialist insurance market for many of the lines in which Aspen has strong leadership positions.

Chris O'Kane, CEO of Aspen Insurance Holdings, said: "Lloyd's is widely regarded as a leading marketplace for many of the classes of business which we currently underwrite and offers an unrivalled distribution network. The establishment of a presence at Lloyd's is a key strategic objective for Aspen as it provides a major enhancement to our multi-platform capability as we continue to develop our business".

Syndicate 4711 is supported by a corporate member, which is a wholly owned subsidiary of Aspen. Its active underwriter is Matthew Yeldham, head of international insurance at Aspen, who will retain his existing responsibilities in addition to his new role.

In 2008, Aspen plans to write approximately $100 million of its forecast gross written premiums (GWP) in Syndicate 4711. This is not expected to have a material impact on the consolidated GWP expected to be written by the Aspen in 2008.

• Aspen Insurance Holdings Ltd. will host its 2008 Investor Day on Thursday May 15 from 8.30am to 3pm (ET) in New York City.

Aspen's senior management will conduct presentations on corporate strategy, underwriting fundamentals, risk management, and provide a detailed review of the Company's product groups. All presentations, including question and answer sessions, will be webcast live on www.aspen.bm