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Dear friend,

Hey – it’s good to see that it’s not just us lazy journalists who make mistakes

Check this SEC confession out from Aspen:

Item 8.01 Other Events
Form 10-K Typo

On February 29, 2008, Aspen Insurance Holdings Limited (‘‘Aspen’’) filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2007. There was a decimal point missing in a table on page 23 of the Form 10-K.

Under the table entitled ‘‘Analysis of Consolidated Loss and Loss Expense Reserve Development Net of Reinsurance Recoverables’’ in the column for the period as at December 31, 2002, the figure for ‘‘Cumulative paid losses, net of reinsurance recoveries, as of: Five years later’’ should be $61.9 million rather than $619 million.

$557.1m here and $557.1m there, and pretty soon you’re talking real money.

Funny that us lazy journalists, or that legion of highly paid equity analysts, didn’t spot it then!

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