AM Best has affirmed the financial strength rating of A- (Excellent) and issuer credit rating (ICR) of “a-” of Aspen Insurance and has removed the ratings from under review with negative implications.
The outlook for both ratings is stable.
AM Best said it believes Aspen has maintained its excellent business profile and anticipates a strong profit after tax in 2006 for Aspen and a return on premium of between 15-20%.
The ratings agency said it also expects a combined ratio for 2006 of between 85-90%.
