Amended Statement of Employment Regarding Housing Allowance for Julian Cusack and Aspen Insurance Limited

Summary

This agreement between Aspen Insurance Limited and Julian Cusack confirms the reinstatement of Mr. Cusack's housing allowance to $15,000 per month, effective November 1, 2007. All other terms of his employment remain unchanged. Mr. Cusack is required to sign and return the letter to acknowledge his acceptance of these terms.

EX-10.1 2 file2.htm AMENDED STATEMENT OF EMPLOYMENT

Exhibit 10.1

November 1, 2007

PRIVATE AND CONFIDENTIAL

Mr. Julian Cusack
c/o Aspen Insurance Limited
Maxwell Roberts Building
1 Church Street
Hamilton HM 11

Dear Julian,

RE: Amended Statement of Employment — Housing Allowance

Following approval by the Compensation Committee, I am pleased to confirm that your housing allowance will be reinstated to $15,000.00 per month with effect from today, November 1, 2007, and will be reflected in the next payroll.

All other terms and conditions contained in your employment agreements/contracts remain the same.

To confirm your agreement to these terms and conditions please sign below and return one copy to Tracy Berkeley.

Kind regards,

/s/ Chris Woodman

Chris Woodman
Group Head of Human Resources

I acknowledge receipt of this letter and agree to its terms as noted above.


Signed: /s/  Julian  Cusack Date:  1 November 2007
  Julian Cusack