Aspen Insurance, the insurance arm of Bermudian re/insurer Aspen Insurance Holdings, has appointed Andrew Kudera as executive vice president and group Chief Actuary.
Kudera joins from Validus having served as executive vice president and group Chief Actuary for the last nine years.
He brings 40 years’ experience to Aspen and will succeed Paul Frydas, who is set to assume the new role of Chief Analytics Officer and lead strategic pricing, aggregation management and modelling.
Frydas will remain Chief Actuary for Aspen Insurance UK Limited, Aspen Managing Agency Limited and Aspen Bermuda Limited.
“Welcoming industry leading experts of Andy’s quality to our team increases our capabilities, allowing us to transform our business, simplify and enhance our operations, and increase accountability across these functions,” said Mark Cloutier, Executive Chairman and Group Chief Executive Officer.
“Andy’s capabilities and fresh perspective, paired with Paul’s considerable expertise and experience, will create a strong partnership across complimentary disciplines.”