Reinsurance News

Aspen appoints Richard Lightowler to non exec board role

11th December 2020 - Author: Charlie Wood

Aspen Insurance, an arm of Bermudian re/insurer Aspen Insurance Holdings, has appointed Richard Lightowler to its board as a non executive director.

AspenLightowler currently operates in a similar role at Oakley Capital Investments and Hansa Investment Company.

He has over 25 years’ experience in public accounting and was previously a partner with KPMG for close to two decades.

While at KPMG he also served as head of the insurance practice and a member of the firm’s global insurance leadership team.

Lightowler succeeds Gordon Ireland, who will be stepping down at the company’s Annual General Meeting in 2021, in the non executive role.

Ireland’s departure comes after more than seven years’ service, and it is anticipated that Lightowler will also succeed him as chair of the audit committee at that time.

Meanwhile, Gary Parr has stepped down from Aspen’s board with immediate effect. He is a senior managing director and executive committee member of Apollo Global Management.

“I am excited to be joining the Board of Aspen at this important time in the company’s evolution,” said Lightowler.

“Under the new management team, the business is well positioned to create significant value and to deliver on its potential as a leading market for risk solutions.

“I look forward to working with fellow Board members, and the wider leadership team, to help Aspen continue its trajectory and focus on value creation.”

Mark Cloutier, executive chairman and group Chief Executive Officer, added “I am delighted that Richard is joining the Aspen Board. His extensive experience in the sector will complement our existing strong team of directors.

“His new insights and expertise will be invaluable as we continue our journey to transition the business as a solution provider and risk transformer.

“I would like to thank Gordon and Gary for their significant contributions to the Board during their tenure and we wish them well in their future endeavors.”

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