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PILOT ADVISORS LP
> AHL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2012 | ASPEN INSURANCE HOLDINGS LTD | AHL | 61,100 | 61,100 | 1,707,000 | 1,707,000 | $27.94 |
| 09/30/2011 | ASPEN INSURANCE HOLDINGS LTD | AHL | 0 | -98,100 | 0 | -2,524,000 | |
| 06/30/2011 | ASPEN INSURANCE HOLDINGS LTD | AHL | 98,100 | -129,952 | 2,524,000 | -3,513,000 | $25.73 |
| 09/30/2009 | ASPEN INSURANCE HOLDINGS LTD | AHL | 228,052 | -376,184 | 6,037,000 | -7,461,000 | $26.47 |
| 06/30/2009 | ASPEN INSURANCE HOLDINGS LTD | AHL | 604,236 | 336,036 | 13,498,000 | 7,474,000 | $22.34 |
| 03/31/2009 | ASPEN INSURANCE HOLDINGS LTD | AHL | 268,200 | -67,400 | 6,024,000 | -2,114,000 | $22.46 |
| 12/31/2008 | ASPEN INSURANCE HOLDINGS LTD | AHL | 335,600 | 187,750 | 8,138,000 | 4,072,000 | $24.25 |
| 09/30/2008 | ASPEN INSURANCE HOLDINGS LTD | AHL | 147,850 | -175,750 | 4,066,000 | -3,593,000 | $27.50 |
| 06/30/2008 | ASPEN INSURANCE HOLDINGS LTD | AHL | 323,600 | 254,600 | 7,659,000 | 5,669,000 | $23.67 |
| 12/31/2007 | ASPEN INSURANCE HOLDINGS LTD | AHL | 69,000 | 69,000 | 1,990,000 | 1,990,000 | $28.84 |
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