Editor's Note: This story has been corrected. A previous version misreported that Aspen Insurance Holdings planned to exit the U.S. property market. PC360 regrets the error.
Aspen Insurance Holdings' chief executive says the insurer is reducing its earthquake and wind exposure in the U.S. property insurance market due to the volatility of catastrophe risks.
During a conference call with financial analysts on Friday, Aspen CEO Chris O'Kane said that while the company has taken measures to eliminate unprofitable lines of business, the current pricing and economic environment requires additional measures to improve the bottom line.
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