Rule 425

FILED BY ENDURANCE SPECIALTY HOLDINGS LTD.

PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933

AND DEEMED FILED PURSUANT TO RULE 14a-12

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SUBJECT COMPANY: ASPEN INSURANCE HOLDINGS LIMITED

SEC REGISTRATION STATEMENT FILE NO. 333-196596

The following is a screen shot, as of June 9, 2014, taken from the website maintained by Endurance Specialty Holdings Ltd. (the “Company”) in connection with its proposal to acquire all of the outstanding common shares of Aspen Insurance Holdings Limited (“Aspen”).

Additional Information about the Proposed Transaction and Where to Find It

This material relates to the offer commenced by Endurance to exchange each issued and outstanding common share of Aspen (together with associated preferred share purchase rights) for $49.50 in cash, 0.9197 Endurance common shares, or a combination of cash and Endurance common shares, subject to a customary proration mechanism. This material is for informational purposes only and does not constitute an offer to exchange, or a solicitation of an offer to exchange, Aspen common shares, nor is it a substitute for the Tender Offer Statement on Schedule TO or the preliminary Prospectus/Offer to Exchange included in the Registration Statement on Form S-4 (including the Letter of Transmittal and Election and related documents and as amended from time to time, the “Exchange Offer Documents”) that Endurance has filed with the SEC. The Endurance exchange offer will be made only through the Exchange Offer Documents.

This material is not a substitute for any other relevant documents that Endurance may file with the SEC or any other documents that Endurance may send to its or Aspen’s shareholders in connection with the proposed transaction. On June 2, 2014, Endurance filed with the SEC a preliminary solicitation statement with respect to the solicitation of (i) written requisitions that the board of directors of Aspen convene a special general meeting of Aspen’s shareholders to vote on an increase in the size of Aspen’s board of directors from 12 to 19 directors and (ii) Aspen shareholder support for the proposal of a scheme of arrangement by Endurance which will entail the holding of a court-ordered meeting of Aspen shareholders at which Aspen’s shareholders would vote to approve a scheme of arrangement under Bermuda law pursuant to which Endurance would acquire all of Aspen’s outstanding common shares on financial terms no less favorable than those contained in its acquisition proposal announced on June 2, 2014 (the “Solicitation Statement”).

INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE EXCHANGE OFFER DOCUMENTS AND THE SOLICITATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ENDURANCE HAS FILED OR MAY FILE WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. All such documents, when filed, are available free of charge at the SEC’s website (www.sec.gov) or by directing a request to Endurance at the Investor Relations contact below.

Participants in the Solicitation

Endurance and its directors and certain of its executive officers and employees may be deemed to be participants in any solicitation of shareholders in connection with the proposed transaction. Information about Endurance’s directors, executive officers and employees who may be deemed to be participants in the solicitation, including a description of their direct and indirect interests, by security holdings or otherwise, is set forth in the Solicitation Statement and Endurance’s proxy statement, dated April 9, 2014, for its 2014 annual general meeting of shareholders.


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Endurance YOUR RISK IS OUR FOCUS Home Press Releases letters and Presentations Filings Contacts Endurance and Aspen: A Compelling Transaction Endurance proposal to acquire Aspen in a cash and stock transaction provides Aspen shareholders a highly attractive premium and compelling future value The combination of Endurance and Aspen will bring together two highly complementary specialty insurance and reinsurance companies to create an even stronger, more profitable company with increased scale and an attractive diversified platform across products and geographies, with greater market presence and relevance, Endurance is fully committed to this transaction and has taken the following actions: Increasing considerate for Aspen common shareholders to $49.50 per share in cash and Endurance common shares (based on Endurance’s unaffected closing share price on April 11, 2014) Pursuing a special general meeting of Aspen shareholders to increase the size of Aspen’s board from 12 to 19 directors, and seeking Aspen shareholder support for the holding of a court- ordered meeting of Aspen shareholders to approve a Scheme of Arrangement Commencing an exchange offer for all Aspen common shares reflecting the same economic terms as Endurance’s increased proposal Implementing a simplified and improved financing plan Endurance will continue to post timely information about the proposal on this website.
Press Releases June 9, 2014 Endurance Specialty Holdings Commences Exchange Offer to Acquire All Aspen Insurance Holdings Common Shares June 2,2014 Endurance Specialty Holdings Increases Proposal Acquire Aspin Insurance Holdings to $49.50 Per Share in Cash and Endurance Common Shares and Takes Actions to Expedite Transaction Letters & Presentations June 2, 2014 Endurance’s June 2, 2014 Letter to the Aspen Board of Directors June 2.2014-lntrtutd Proposal to Aspen Shareholders: Creating a Global Leader in Specialty Insurance and Reinsurance April 14, 2014- Endurance’s April 14, 2014 Letter to the Aspen Board of Directors SEC Filings June 9,2014-Schedule TO June 9, 2014-Prospectus /Offer To Exchange June 2, 2014- Preliminary Solicitation Statement of Endurance Specialty Holdings LTD. In Connection with Authorizations of the Shareholders of Aspen Insurance Holdings limited Receive Email Alerts To automatically receive Endurance Specialty Holdings Ltd. financial information by e-mail, please visit ir.endurance.bm and sign up for email alerts
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