Bermuda-based insurer and reinsurer Aspen has announced the appointment of Christian Dunleavy as Group President and CEO of Aspen Bermuda Limited, and Mark Pickering as Group Chief Financial Officer & Treasurer.
Effective August 1, 2024, both will report to Mark Cloutier, Executive Chairman and Group Chief Executive Officer.
In his expanded responsibilities, Dunleavy will be responsible for the group’s underwriting strategy, claims and business development.
With over 25 years’ experience in re/insurance, the executive has been part of Aspen since 2015, when he joined as Global Head of Property Cat Reinsurance, before being promoted to Group Chief Underwriting Officer in 2022.
Pickering has over 20 years of experience in the re/insurance industry, and joined Aspen in September 2015 as Group Treasurer, before being appointed Group Chief Capital Management Officer in 2021.
He was then appointed Chief Executive Officer of Aspen Bermuda Limited in 2022, stepping down as CEO of Aspen Bermuda upon assuming his new position as Group CFO.
Pickering takes over his new role from Chris Coleman, who will be leaving the business at the end of the month.
Additionally, as part of a broader restructure of Aspen’s leadership team, Rob Houghton, Group Chief Operating Officer, will have increased oversight over the operations functions, including bringing together Outwards Reinsurance Accounting and Outwards Reinsurance Operations.
Also, Mo Kang will be assuming expanded responsibilities as Group Chief Corporate Affairs and People Officer.
Cloutier stated: “Today’s appointments create a strengthened, more defined leadership team for Aspen as we plan for the future and continue to seek further opportunities to achieve continued profitable growth. Christian, Mark, Rob and Mo are extremely well placed to lead Aspen’s largest functions and, alongside the rest of the Group Executive Committee, continue to drive for improved collaboration and efficiency.
“I thank Chris for his contributions to Aspen as Chief Financial Officer over the past two and a half years and wish him every success in the future.
“The changes we have made today are a reflection of the fact that Aspen is now at a different point of its journey, with different priorities, and I’m confident this is the right structure and team to lead the business to continued success well into the future.”
