ASPEN INSURANCE HOLDINGS LIMITED (NYSE:AHL) Files An 8-K Entry into a Material Definitive Agreement

ASPEN INSURANCE HOLDINGS LIMITED (NYSE:AHL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement

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On June 29, 2018, Aspen Insurance UK Services Limited (“Aspen U.K.”), Aspen Insurance U.S. Services, Inc. (“Aspen U.S.”) and Aspen Bermuda Limited (“Aspen Bermuda” and, collectively with Aspen U.K. and Aspen U.S., “Aspen”) entered into a novation agreement, effective April 1, 2018 (the “Novation Agreement”), with Genpact International, Inc., a company incorporated in Delaware, United States (“Genpact U.S.”) and Genpact (UK) Limited, a company registered in England and Wales (“Genpact U.K.”).

Under the terms of the Novation Agreement, the rights and obligations of Genpact U.S. under the outsourcing agreement, filed as exhibit 10.1 on the Current Report on Form 8-K filed with the Securities and Exchange Commission on April 26, 2018 (the “Outsourcing Agreement”), have been transferred to and undertaken by Genpact U.K. Each of Aspen and Genpact U.S. releases and discharges the other from that party’s obligations and liabilities to the other under or in relation to the Outsourcing Agreement and, as further described in the Novation Agreement, waives any rights of action they may have under the Outsourcing Agreement against each other in respect of the rights, obligations and liabilities assumed by Genpact U.K.

The foregoing summary of the terms and conditions of the Novation Agreement does not purport to be complete and is subject to and qualified in its entirety by reference to the Novation Agreement which is filed as exhibit 10.1.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d) The following exhibit is filed as part of this report:

EX-10.1 2 novationagreement-june2920.htm EXHIBIT 10.1 Exhibit NOVATION AGREEMENT This Novation Agreement is dated 29th June 2018BETWEEN: (1)ASPEN INSURANCE UK SERVICES LIMITED,…
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Aspen Insurance Holdings Limited (Aspen Holdings) is a holding company. The Company conducts insurance and reinsurance business through its subsidiaries: Aspen U.K. and AUL, Aspen Bermuda (Bermuda) and Aspen Specialty and AAIC (the United States). It operates in two segments: Aspen Insurance and Aspen Reinsurance (Aspen Re). Its insurance segment consists of property and casualty insurance; marine, aviation and energy insurance, and financial and professional lines insurance. Aspen Re consists of property catastrophe reinsurance, other property reinsurance, casualty reinsurance and specialty reinsurance. Its Aspen Re consists of property catastrophe reinsurance, other property reinsurance (risk excess, pro rata and facultative), casualty reinsurance (the United States treaty, international treaty and global facultative) and specialty reinsurance (credit and surety, agriculture, marine, aviation, terrorism, engineering).

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