* Reuters photo. An Aspen spokesperson saidl:A Company spokesperson said: "It is not yet possible to estimate the environmental and economic consequences of the disastrous oil spill at Deepwater Horizon and we remain deeply disturbed by the ecological and human consequences as this event continues to unfold."
* Reuters photo. An Aspen spokesperson saidl:A Company spokesperson said: "It is not yet possible to estimate the environmental and economic consequences of the disastrous oil spill at Deepwater Horizon and we remain deeply disturbed by the ecological and human consequences as this event continues to unfold."

Aspen Insurance Holdings Limited said it expects it losses from the Deepwater Horizon disaster to cost it 'substantially less' than $25M.

A Company spokesperson said: "It is not yet possible to estimate the environmental and economic consequences of the disastrous oil spill at Deepwater Horizon and we remain deeply disturbed by the ecological and human consequences as this event continues to unfold.

"Having monitored events in recent weeks, Aspen believes, however, that it is now more feasible to estimate the insurance consequences of this event and has evaluated a range of scenarios concerning the ultimate insurance liabilities for the different parties involved. The results suggest that Aspen's loss from this event, net of tax and reinstatement premiums is unlikely to exceed $25 million.  

"Aspen also believes that the majority of scenarios including those which are most likely to occur will cost Aspen substantially less than $25 million."