Plunge in profits at Aspen
Insurance COR breaks 100% barrier in second quarter of 2015.
Aspen Insurance Holdings has revealed a 62.5% slump in profits for the second quarter of 2015.
The decrease to $49m [£31.4m] from $130.8m in the same period of 2014 came as revenues also fell.
Underwriting revenues declined to $722.8m (Q2 2014: $779.3m) across the company.
Loss
The insurance division posted gross written premiums of $462.1m (Q2 2014: $480.9m) and an underwriting loss of $12m as opposed to a profit of $15.1m in the same period last year.
The unit's combined operating ratio (COR)
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