Bermudian re/insurer Aspen Insurance has announced the appointment of Laurie Shane as its new group head of Outwards Reinsurance and is set to begin her role on June 1.
Shane joins from Markel and will report to Brian Tobben, Chief Executive Officer of Aspen Capital Partners.
During her time at Markel she served as managing director of Global Ceded Reinsurance, a role which saw her develop outward reinsurance strategies focused on reducing group earnings volatility, balance sheet protection and managing third party credit risk.
Before Markel, Shane served as Vice President, Corporate Insurance, at QBE for the Americas region, during which time she established the new Corporate Insurance Department.
“We are excited to have Laurie join the Aspen team. Laurie brings a wealth of experience and is held in high regard in the market,” said Tobben.
Commenting on her appointment, Shane said, “I am looking forward to working with her, our brokers and our reinsurers as we continue to transform our outwards reinsurance program.”
“It is tremendously exciting to be joining Aspen at this unique time in its journey and I look forward to helping build an outwards reinsurance programme that moves from strong to powerful.”
Concurrently, Aspen has announced a realignment of its Outwards Reinsurance team to work with the Aspen Capital Markets team under the leadership of Tobben; the new team will be known as Aspen Capital Partners.
On the announcement, Tobben said; “Bringing outwards reinsurance together with Aspen Capital Markets will help us deliver on our growth strategy while increasing collaboration and optimising our capital position.
“The combined team will capture efficiencies from overlapping process and benefit from leveraged expertise.”