Aspen Insurance Ltd., has received approval from the Florida Office of Insurance Regulation to post reduced collateral and operate in Florida as an eligible reinsurer. This Consent Order makes Aspen the twelfth Bermuda reinsurer—and thirteenth overall—to operate in Florida with similar terms. The first reinsurer to operate with similar terms is from Germany.

Aspen reported capital and surplus of $1.6 billion, which exceeds the $100 million requirement under Section 624.610(3)(e), Florida Statutes. The reinsurer also indicated secure financial strength by demonstrating favorable ratings from two nationally recognized statistical rating organizations.

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