COMMITTED LETTER OF CREDIT FACILITY

Letter of Credit

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This Letter of Credit involves

ASPEN INSURANCE HOLDINGS LTD

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Title: COMMITTED LETTER OF CREDIT FACILITY
Date: 10/13/2006
Industry: Insurance (Prop. and Casualty) Sector: Financial

COMMITTED LETTER OF CREDIT FACILITY, Parties: aspen insurance holdings ltd

Exhibit 10.1

Aspen Insurance Limited
Attn Bryan Astwood
Group Treasurer
Maxwell Roberts Building
1 Church Street
Hamilton
HM 11
Bermuda

October 11, 2006

Dear Bryan,

Committed letter of credit facility

Further to recent discussions, Citibank Europe plc (‘‘the Bank’’) is pleased to confirm its committed letter of credit issuance facility (‘‘the Facility’’) subject to the terms and conditions set out in this Letter.

Amount

The Facility shall be in a maximum aggregate amount of US$300,000,000 (‘‘the Facility Limit’’).

Facility Documents

Aspen Insurance Limited (‘‘the Company’’) have entered into the following documents in relation to the Facility:

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