Aspen Insurance Holdings Limited (Aspen Holdings) conduct insurance and reinsurance business through its wholly owned subsidiaries in three jurisdictions: Aspen Insurance UK Limited (Aspen U.K.) and Aspen Underwriting Limited (AUL), corporate member of Syndicate 4711 at Lloyd’s of London (United Kingdom), Aspen Bermuda (Bermuda), Aspen Specialty Insurance Company (Aspen Specialty) and Aspen American Insurance Company (AAIC) (United States). Aspen U.K. also has branches in Paris, Zurich, Dublin, Cologne, Singapore, Australia and Canada. It operates in the global markets for property and casualty insurance and reinsurance. The company operates in two segments: insurance and reinsurance. In December 2011, it entered the recreational marine insurance market, focused on marinas, yacht clubs, boat dealers, boat manufacturers and boat component manufacturers.