FRSGlobal, a leading provider of worldwide risk and regulatory compliance reporting solutions, today announced that Aspen Insurance Holdings Limited (NYSE:AHL) (“Aspen”), a speciality insurance and reinsurance company, has gone live with RiskResolve for Operational Risk Management (ORM).

FRSGlobal RiskResolveis complementary to FRSGlobal FinancialAnalytics, a leading global regulatory reporting framework. It allows managers to create a framework that evaluates potential expected and unexpected losses that can be included in a risk capital calculation. This reflects the demand by regulated financial companies, in addition to banks, to increase ORM and incorporate operational risk statistics into regulatory reporting alongside Market and Credit figures.

The overall objective for Aspen’s Group Risk Management team was to add value to the business by providing one overall, clear and effective, seamless framework incorporating the Company’s various risk management requirements, with widely shared responsibilities. RiskResolve provides Aspen with a tool that enables it to move away from the spreadsheet approach.

Lotfi Baccouche, Aspen’s Group Head of Risk Management said: “At Aspen, we recognized the need to have operational risks captured on-line in a structured manner available to the risk owners across our business units. With RiskResolve, we have a simple, yet powerful solution which aims to provide us with a reliable system, formalizes our approach to Operational Risk, helps us understand our risk exposures and supports our framework.”

Stephan Schmitz, RiskResolve Product Manager at FRSGlobal said: “Aspen was looking for a ‘one stop shop’ where all risk, audit and SOX issues come together in a flexible system configurable for their business needs, and suited to their ORM framework. FRSGlobal’s RiskResolve, our experience in the financial sector and the understanding of operational risk matched Aspen’s requirements completely.”

About Aspen Insurance Holdings Limited

Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France, Ireland, the United States, the United Kingdom, and Switzerland. For the year ended December 31, 2007, Aspen reported gross written premiums of $1.8 billion, net income of $489.0 million and total assets of $7.2 billion. For more information about Aspen, please visit www.aspen.bm.

About FRSGlobal

FRSGlobal is the leading provider of global risk and regulatory compliance reporting solutions and has more than a decade of industry expertise, currently providing coverage for 30+ countries. FRSGlobal’s solutions are used in over 1,000 financial organisations. 25% of R&D annual expenditure is dedicated to researching regulations and meeting with regulators, which results in an unparalleled Centre of Regulatory Excellence (CoRE) that supports clients by providing up-to-date regulatory information and reports. www.frsglobal.com

FRSGlobal’s FinancialAnalytics enables institutions to address major regulatory, compliance and risk requirements globally. FRSGlobal’s coverage includes both local prudential and global reporting (IFRS/FiNREP, Basel II/CoREP and MiFID) – this is done by leveraging a common DataFoundation to harness financial intelligence across an enterprise, while maintaining the country-specific requirements of local regulators.

FRSGlobal’s RiskResolve is a highly configurable enterprise software solution that provides a unified, consistent framework for defining, measuring and managing risks, internal controls, Key Risk Indicators, Loss events, actions, SOX controls and compliance mandates, while enabling institutions to reduce their operational losses.

FRSGlobal has offices in North America (Boston, Charlotte and Toronto), Europe (Amsterdam, Brussels, Dublin, Lisbon, London, Luxembourg, Madrid and Paris) and APAC (Hong Kong, Pune and Singapore).

Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995:

This press release contains written, and Aspen's officers may make related oral, "forward-looking statements" within the meaning of the U.S. federal securities laws regarding Aspen's risk management, their systems and efficiencies. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "expect," "intend," "plan," "believe," "project," "forecast," "anticipate," "seek," "will," "estimate," "may," "continue," and similar expressions of a future or forward-looking nature.

All forward-looking statements rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside Aspen's control that could cause actual results to differ materially from such statements. Important events that could cause the actual results to differ include, and are not limited to: resource constraints, limitation of systems - systems no matter how well conceived and operated, can only provide reasonable, not absolute, assurance that the objectives of the system or framework are met, and design of the system where assumptions made may impact the success of stated goals of the system or framework.

For a detailed description of uncertainties and other factors that could impact the forward-looking statements in this release, please see the "Risk Factors" section in Aspen's Annual Report on Form 10-K for the year ended December 31, 2007, filed with the U.S. Securities and Exchange Commission on February 29, 2008. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

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