Aspen Insurance Holdings has announced it is updating its guidance relating to annual growth in its gross written premiums for 2005, which the company expects will be between 20 to 25% higher than 2004.
Aspen said the anticipated growth in gross written premiums was mainly driven by the company's new marine and aviation insurance teams, which joined in the fourth quarter of 2004 and first quarter of 2005 respectively, and had been successful to date in writing a higher percentage of targeted business than Aspen had anticipated at the end of the first quarter.
