[July 23, 2014]

Aspen Declares Dividends on Ordinary Shares and Perpetual Preference Shares

The Board of Directors of Aspen Insurance Holdings Limited ("Aspen") (NYSE:AHL) has declared a quarterly cash dividend on Aspen's ordinary shares of $0.20 per ordinary share. The dividend is payable on August 27, 2014 to the holders of record as of the close of business on August 11, 2014.

Aspen's Board of Directors also declared a dividend on its 7.401% Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share (the "7.401% Perpetual Preference Shares") of $0.462563 per 7.401% Perpetual Preference Share. The dividend is payable on October 1, 2014 to the holders of record as of the close of business on September 15, 2014.

In addition, Aspen's Board of Directors declared a dividend on its 7.250% Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share (the "7.250% Perpetual Preference Shares") of $0.4531 per 7.250% Perpetual Preference Share. The dividend is payable on October 1, 2014 to the holders of record as of the close of business on September 15, 201.

The Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share (the "5.95% Perpetual Preference Shares") of $0.3719 per 5.95% Perpetual Preference Share. The dividend is payable on October 1, 2014 to the holders of record as of the close of business on September 15, 2014.

About Aspen Insurance Holdings Limited

Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France, Germany, Ireland, Singapore, Switzerland, the United Kingdom and the United States. For the year ended December 31, 2013, Aspen reported $10.2 billion in total assets, $4.7 billion in gross reserves, $3.3 billion in shareholders' equity and $2.6 billion in gross written premiums. Its operating subsidiaries have been assigned a rating of "A" ("Strong") by Standard & Poor's, an "A" ("Excellent") by A.M. Best and an "A2" ("Good") by Moody's.

Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995

This press release may contain written "forward-looking statements" within the meaning of the U.S. federal securities laws. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "expect," "intend," "plan," "believe," "do not believe," "project," "anticipate," "seek," "will," "likely," "estimate," "may," "guidance," "outlook," "trends," "future," "could," "aim," "continue," and similar expressions of a future or forward-looking nature.

All forward-looking statements rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside Aspen's control that could cause actual results to differ materially from such statements. For a detailed description of uncertainties and other factors that could impact the forward-looking statements in this press release, please see the "Risk Factors" section in Aspen's Annual Report on Form 10-K for the year ended December 31, 2013, filed with the U.S. Securities and Exchange Commission on February 20, 2014. Aspen undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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