Insurance improves but reinsurance deteriorates at Aspen

First quarter operating profits at Aspen were 8 percent lower at
$89.9mn as improved underwriting performance in the carrier's
expansive insurance arm was offset by deterioration in its
reinsurance business.
Gross written premiums (GWP) in the insurance segment increased
by more than 5 percent year-on-year to $458.1mn. And the combined
ratio improved by 1.5 percentage points to 92 percent.
Underwriting income generated by the division was $30.5mn in the
first quarter of 2016, up from $22.4mn dur