UW profits up at Aspen's insurance arm

Bermuda-domiciled Aspen Insurance Holdings has reported operating
income of $67.2mn for the third quarter, down from $81.7mn for the
same period last year.
But the group reported a combined ratio of 93.4 percent that
represented an improvement on the 94.6 percent it reported this
time last year, driven by stronger underwriting profits in its
insurance business.
The improved underwriting result was partly driven by $39mn of
prior-year reserve releases - representing 6.1 combined ratio
points - co