With so many stories out there in the insurance sector--from turnarounds or restructurings like Hartford (NYSE:HIG) and XL Group (NYSE:XL) to well-run operations like Allied World (NYSE:AWH) and RenRe (NYSE:RNR)--investors have plenty of choices and a lot of undervalued stocks to consider. Unfortunately, Aspen (NYSE:AHL)
really doesn't stand out in any particular regard. While this company
has a reasonable record of returning cash to shareholders, and the move
towards writing more insurance business makes sense, neither the
strategy nor the valuation are exceptional today.