Aspen chief O'Kane pledges to recharge loss-making energy books. (31-OCT-05) Europe Intelligence Wire

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Aspen chief O'Kane pledges to recharge loss-making energy books.

Publication: Europe Intelligence Wire

Publication Date: 31-OCT-05

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(From Lloyds List)

Byline: Reinsurer to revise underwriting approach after announcing $362m net loss, writes James Brewer

ASPEN Insurance, a Bermudian company hard hit by hurricane losses, has pledged to stay in the energy field.

The assurance came from chief executive Chris O'Kane as he announced a $362m net loss for the third quarter of 2005. For the first nine months of 2005, Aspen is in the red to the tune of $208.1m.

Mr O'Kane described the...

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