Aspen hires former Admiral CFO to replace outgoing KirkAspen Insurance Holdings’ group chief financial officer Scott Kirk will leave the (re)insurer at the end of April and be replaced by Kevin Chidwick.
Aspen turnaround charges drive loss in “transitional” 2019Aspen Insurance Holdings fell to a 2019 after tax operating loss of $48.4mn (2018: $31.8mn profit) as its bottom line was impacted by deal related costs, restructuring charges and reserve strengthening in what it described as a transitional year under new owner Apollo.
Aspen secures $1.02bn ADC from EnstarAspen has entered into a multi-line adverse development cover (ADC) agreement with Enstar that will provide a total of $1.02bn of protection for a premium of $770mn to reinsure losses incurred prior to the start of this year.
Aspen hires Swiss Re’s Ottaviano as chief risk officerCrystal Ottaviano has been appointed group chief risk officer of Aspen Insurance Holdings, joining from Swiss Re America.
Aspen adds former Validus exec Kudera as new chief actuaryAspen has brought in industry veteran Andy Kudera as its new group chief actuary with the former Validus and Endurance executive set to join the Bermudian (re)insurer in early February.
Aspen Re sells global credit & surety renewal rights to Arch ReArch Re has entered into a renewal rights agreement to take over Aspen Re’s global credit and surety reinsurance business after Aspen Re’s decision to exit the line.
Aspen Re Dubai and Miami offices to closeAspen is closing the Dubai and Miami offices of its reinsurance operations and transferring business from Lloyd’s China to its Singapore arm as it looks to create a more streamlined platform under its new management team, The Insurer can reveal.
Aspen appoints Signorelli international cyber headAspen Insurance has promoted Mauro Signorelli to the role of head of international cyber, based in London.
Victor O Schinnerer adds $15mn Aspen capacity to A&E programSpecialty underwriting manager Victor O Schinnerer & Company has expanded its professional liability insurance program for architects and engineers (A&E) with capacity from Aspen Insurance.
Willis Re names Aspen’s Harrell COO of specialty unitReinsurance broking giant Willis Re has named former Aspen head of international Donald Harrell as managing director and chief operating officer of Willis Re Specialty.
Edwards replaces Cain as Aspen’s UK insurance CEOClive Edwards has been promoted to CEO of Aspen Insurance UK Limited (AIUK) and Aspen Managing Agency Limited, replacing Mike Cain.
Aspen Re names Lewis as head of London businessJamie Lewis has been promoted to head of London for Aspen Re and global product head of Specialty Re.
Aspen appoints former Validus exec Ritz as presidentApollo-owned Aspen Insurance Holdings has named former Validus executive Jonathan Ritz to the newly created role of group president.
Aspen H1 NWP climbs 7.6% on higher retained businessAspen has reported its net premiums went up in the first half despite a drop in gross writings, as its retention ratio jumped to 65.1 percent from 56.9 percent after a cut back in its use of reinsurance, especially in financial and professional lines.
Aspen taps Lloyd’s Brekenfeld for corporate development roleBermuda-based Aspen has named former Lloyd’s oversight manager Joshua Brekenfeld as director of global corporate development.
Aspen launches cyber risk management platformAspen Insurance has released a cyber risk management platform called SSIMPLE to assist clients in the prevention and detection of and response to privacy and network security incidents.
Aspen Re swoops on TMR for head of North American property catastropheAspen Re has appointed Meredith Head as head of North American property catastrophe.
Aspen Re CUO Issavi joins RSG’s Ryan ReEmil Issavi is leaving Aspen Re to join Ryan Specialty Group (RSG) and its new reinsurance platform.
HDI Global Specialty taps Neon for aviation and space headHDI Global Specialty SE has named Martin Jackson to replace Tim Slade as head of aviation and space.
Aspen head of US distribution departs amid restructureRussell Brown, senior vice president and head of US distribution at Aspen Insurance, has left the carrier as part of the restructure revealed this week, The Insurer can reveal.