[GRAPHIC OMITTED][ASPEN] Exhibit 99.1 Press Release ASPEN INSURANCE HOLDINGS LIMITED APPOINTS DAVID B. KELSO TO BOARD OF DIRECTORS HAMILTON, BERMUDA, MAY 26, 2005 -- Aspen Insurance Holdings Limited (the "Company") (NYSE:AHL; BSX:AHL BH) today announced that the Company's Board of Directors (the "Board") has appointed David B. Kelso to the Board in a non-executive capacity. He was also appointed to the Audit and Investment Committees of the Board. Mr. Kelso is the former Executive Vice President, Chief Financial Officer and Managing Director of Chubb Corporation in Warren, NJ. The addition of Mr. Kelso brings the total number of Directors to 10 and the number of independent Directors to six. Paul Myners, Chairman of the Board commented: "I am confident that David's financial expertise and considerable business experience will benefit Aspen as we continue to build our franchise. I look forward to working with David and expect that his addition to the Board will broaden our collective skill set and further the Board's efforts to provide sound guidance to the Company." ABOUT DAVID B. KELSO Mr. Kelso is currently a financial advisor for Kelso Advisory Services, a company he began in 2003 following two years with Aetna, Inc. in Hartford, CT serving as Executive Vice President, Strategy and Finance. From 1996 to 2001 Mr. Kelso was Executive Vice President, Chief Financial Officer and Managing Director of Chubb Corporation in Warren, NJ. Prior to Chubb he held senior management and financial positions with First Commerce Corporation in New Orleans, LA. From 1982 to 1992 Mr. Kelso worked for the Gemini Consulting Group in Washington, DC where he was Partner, North American Banking Practice. Prior to that Mr. Kelso spent a year as an Associate with GE Information Services Company after beginning his professional career at Chemical Bank in New York, NY as an Associate. Mr. Kelso holds a B.A. in English from Princeton University and an MBA in Finance and Marketing from the Darden School of Business, The University of Virginia. ABOUT ASPEN INSURANCE HOLDINGS LIMITED Aspen Insurance Holdings Limited was established in June 2002. Aspen is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and the United States and marine and aviation insurance worldwide through Aspen Insurance UK Limited. Aspen's operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company. Aspen has four operating segments: property reinsurance, casualty reinsurance, specialty insurance and reinsurance and property and casualty insurance. Aspen's principal existing shareholders include The Blackstone Group, Candover Partners Limited, Wellington Underwriting plc and Credit Suisse First Boston Private Equity. For more information about Aspen, please visit the Company's website at www.aspen.bm. APPLICATION OF THE SAFE HARBOR OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This press release contains, and Aspen's earnings conference call may contain, written or oral "forward-looking statements" 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 "expect," "intend," "plan," "believe," "project," "anticipate," "seek," "will," "estimate," "may," "continue," and similar expressions of a future or forward-looking nature. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside the Company's control that could cause actual results to differ materially from such statements. For a more detailed description of these uncertainties and other factors, please see the "Risk Factors" section in Aspen's Annual Report on Form 10-K for the year ended December 31, 2004, filed with the U.S. Securities and Exchange Commission on March 14, 2005. - ENDS - ASPEN INSURANCE HOLDINGS LIMITED T +441-297-9382 Noah Fields, Head of Investor Relations UK CONTACTS: THE MAITLAND CONSULTANCY T +44 20 7379 5151 Emma Burdett Brian Hudspith
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Aspen Insurance Holdings Limited (AHL-PE) 8-KResults of Operations and Financial Condition
Filed: 27 May 05, 12:00am