Aspen to take underwriting loss after profits warning

Aspen has warned investors that it will announce an underwriting
loss of $30mn for the fourth quarter of 2016 at its insurance arm,
as a result of portfolio restructuring and increased loss
activity.
At a group level, Aspen now expects a combined ratio of 107
percent - comprising a 63 percent loss ratio and a 44 percent
expense ratio. In the prior-year period Aspen reported a 91.8
percent combined ratio.
Aspen also disclosed a forecast 7.5 percent reduction in diluted...