Bermuda-based Aspen Insurance Holdings Limited reported first-quarter net income nearly doubled to $122 million compared with $61.8 million during the same period in 2006.

The earnings per share figure of $1.27 this quarter rose 115 percent compared to the last quarter.

Underwriting income for the quarter of 2007 increased 134 percent to $90.5 million, compared with $38.7 million for the first quarter of 2006.

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