Core Specialty considering joining the ranks of specialty P&C IPOsIf Core Specialty decides later this year to go forward with a public listing – which could value the firm at more than $2bn – it will be another test of investor sentiment towards the group of start-ups and recapitalised companies that emerged in recent years to target hard market conditions.
Brit shows blueprint on how Apollo may exit $3.5bn+ AspenAspen’s successful turnaround under the leadership of Mark Cloutier has seen the company return to profitability and reposition itself – in Cloutier’s own words – as a “dynamic portfolio operator” poised to take advantage of a prolonged hard market.
Cloutier: Aspen Re commits to “pushing” for further rate during MC renewal talksAspen CEO Mark Cloutier has become one of the first reinsurance leaders attending the Monte Carlo Rendez-Vous to publicly insist on “pushing” for further rate ahead of the 1.1 renewals.
PRA’s Dyer named as Aspen UK chief risk officerAspen Insurance Holdings (Aspen) has appointed Prudential Regulation Authority (PRA) veteran Andrew Dyer as chief risk officer of Aspen UK.
Cloutier: Lower H1 GWP reflects focus on Aspen’s “sustainable profitability”Aspen has transitioned from a turnaround story to a “dynamic portfolio operator” focused on sustained profits rather than top-line growth, according to CEO Mark Cloutier.
Aspen H1 CR falls to 83.8% as performance improvement continuesAspen has continued its performance turnaround with a 4.4 percentage point improvement in its combined ratio to 83.8 percent for the first half of 2023.
Aspen adds Fidelis’ Garcia as global head of property re claimsAspen Insurance Group has appointed Liz Garcia as global head of property reinsurance claims, based in Bermuda.
A call for crisis evacuation: A reflection on the ongoing Sudan conflictAspen’s George Barker outlines how responsive crisis support, coupled with robust evacuation plans and rapid responses, are paramount to safety and survival during crisis events.
Aspen appoints Rastigue as VP of cyber risk managementAspen Insurance has appointed Mike Rastigue as vice president of cyber risk management.
Aspen hires AIG’s Tartaglia as insurance chief operations officerAspen Insurance Holdings Limited has appointed Robert Tartaglia to the newly created position of SVP, chief operations officer, insurance, with the new hire joining from AIG.
Aspen hires former Axa XL executive Welch as reinsurance CUOAspen has hired former Axa XL Re executive John Welch as chief underwriting officer for its reinsurance segment.
Aspen shuffles APAC team with Chuan head of Singapore and Morley relocating to LondonAspen has strengthened its presence in the Asia Pacific region with the appointment of Tay Boon Chuan as head of Singapore.
Aspen writes $1.1bn in Q1 GWP and reports 80.9% combined ratioAspen Insurance Holdings said Thursday that it wrote $1.1bn in gross written premiums (GWP) in the first quarter and generated an 80.9 percent combined ratio - without providing comparable prior-period numbers - a disclosure that is likely aimed informing investors as the firm gears up for a potential sale.
TVCloutier praises Lloyd’s as Aspen puts Lime Street at the heart of its renaissanceAspen’s chairman and CEO Mark Cloutier says he’s a “big supporter” of Lloyd’s, calling it a “highly efficient capital construct” and one that challenges businesses to be “healthier and stronger”.
Cloutier: Aspen passed the test in challenging 2022 following turnaroundMark Cloutier in an interview with The Insurer has lauded Aspen’s strong 2022 results achieved against a challenging backdrop, with the executive expecting the (re)insurer’s capital markets business to grow further this year as he also commented he is “not afraid of this company returning to the public markets”.
Aspen swings to $190mn UW gain and grows GWP 10% in impressive ’22 resultsAspen Insurance Holdings has reported a $190mn underwriting gain for 2022 - after generating a $30mn underwriting loss the year before - and grew gross written premiums by 10 percent on the year to $4.34bn as the Bermudian nears the finish line in its turnaround.
Aspen makes Lloyd’s its core London platform as Syndicate 4711 posts 75.4% CR in 2022Aspen 4711 has delivered a significant reduction in its combined ratio year on year, slashing 41.9 percentage points off its 2021 result of 117.3 percent as the syndicate moved from the bottom quartile of Lloyd’s performers in 2021 to the top quartile in 2022.
Aspen appoints ex-Florida insurance commissioner Altmaier as non-exec directorAspen has appointed former Florida commissioner of insurance David Altmaier to its board as a non-executive director.
Aspen becomes signatory to UN-supported PRIAspen has become a signatory of the United Nations-supported Principles for Responsible Investment, a global ESG-driven network of more than 5,000 organisations.
Aspen appoints Duffy as a non-executive directorAspen has appointed Mike Duffy as a non-executive director of Aspen Managing Agency and Aspen Insurance UK.