Aspen cedes more premiums to third-party capital, retrocession

Posted On: Aug. 3, 2018 6:08 AM CST

Bermuda-based reinsurer Aspen Insurance Holdings Ltd. ceded about 43% of its gross written premiums to third-party capital and retrocession in the second quarter, Artemis.bm reports. The reinsurer ceded nearly 30% of premiums in the second quarter of 2017. Chris O'Kane, chief executive of Aspen, said that the reinsurer ceded its premiums using quota share vehicles.