Edition:
India

Aspen Insurance Enters Into Outsourcing Agreement- SEC Filing


Saturday, 8 Sep 2018 

Sept 7 (Reuters) - Aspen Insurance Holdings Ltd ::ASPEN INSURANCE HOLDINGS - ON AUG 31, CO AND ITS UNITS ENTERED INTO OUTSOURCING AGREEMENT WITH COGNIZANT WORLDWIDE LIMITED- SEC FILING.ASPEN INSURANCE HOLDINGS - AGREEMENT IS EFFECTIVE AUGUST 31, 2018 & SHALL HAVE INITIAL TERM PERIOD OF 5 YEARS FROM OCTOBER 1, 2018.ASPEN INSURANCE HOLDINGS - CO HAS RIGHT TO EXTEND AGREEMENT FOR ADDITIONAL TWO YEAR TERM.ASPEN INSURANCE HOLDINGS - BASED ON CURRENTLY PROJECTED USAGE OF SERVICES, CO EXPECTS TO PAY COGNIZANT ABOUT $65 MILLION DURING INITIAL 5-YEAR TERM.