Aspen Insurance to buy back up to 2.67 million preference shares

By Susanna Moon

Chicago, March 31 - Aspen Insurance Holdings Ltd. said it repurchased up to 2,672,500 of its 7.401% perpetual non-cumulative preference shares with a liquidation preference of up to $66,812,500.

The Hamilton, Bermuda-based insurance and reinsurance company said it will buy back the notes using proceeds from the sale of 1.22 million common shares in an underwritten public offering.

Deutsche Bank Securities Inc. is the bookrunner for the public offering.

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