Insurance pains push Aspen to $7.4mn loss

Costs associated with Aspen's decision to reposition its
insurance division had a "significant negative impact" on
the Bermudian's results for the fourth quarter, according to
CEO Chris O'Kane.
In a statement late today reporting a $7.4mn operating loss for
the period, the executive stood by the group's move, arguing
that the quality of its underlying book was "very
strong".
But the results mark a significant deterioration from the final
three months of 2015, when Aspen recorded an $84mn profit,