Aspen Specialty to Open Ga., Ariz. Offices

August 18, 2004

Aspen Insurance Holdings Ltd. announced that Aspen Specialty
Insurance Company, a wholly owned subsidiary, will open offices in Atlanta, Georgia and Scottsdale, Arizona. Janet Lovell and Glen Plagmann will lead underwriting efforts in Georgia and Arizona, respectively.

Lovell most recently, she served as Excess and Surplus underwriting manager at General Electric Insurance. Prior to that, Lovell was the Atlanta branch manager with The Hartford/ First State Management Co.

Prior to joining Aspen Specialty, Plagmann held the position, director of Specialty Property, Colony Insurance Company. Previously Plagmann spent more than 10 years with Scottsdale Insurance Company where he started the company’s Brokerage Property
division in 1986.

Aspen Specialty currently writes a focused book of property and casualty surplus lines business, through the U.S. wholesale surplus lines broker network.

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