Aspen Insurance’s Kevin Chidwick is set to depart from his role as Chief Financial Officer at the end of this year and will be succeeded by Chris Coleman.
Based in Bermuda, Coleman will also be joining Aspen’s Executive Committee.
He was most recently CFO of Third Point Re and brings strong transactional and capital markets experience.
Previously Coleman served as CFO of Alterra Bermuda Limited, Chief Accounting Officer for Harbor Point Limited and held a senior audit manager role with PwC.
“I am excited to be joining Aspen at such a key time in its turnaround journey. Aspen has taken a number of actions to date that have begun to take shape and I’m looking forward to working with the team to build on this momentum.
I look forward to bringing my knowledge and experience to make a positive impact on the culture and to help drive improvement in the underlying results of the business.”
Mark Cloutier, Executive Chairman and Group Chief Executive Officer, added, “As we continue to accelerate into the next phase of our transformation, Chris’ track-record of helping to drive strong financial outcomes in high- performing insurance businesses will be a valuable addition to our Group executive leadership team.
“Chris will partner with each member of the Group Executive Committee, including Mark Pickering, our Group Chief Capital Management Officer and Treasurer, who will continue to successfully lead our capital management strategy and corporate finance initiatives.
Cloutier added, “During his time at Aspen, Kevin has played an important role in helping return the business to profitability, despite a challenging market environment. With the Group now in a position to look towards its longer-term strategic objectives, we respect Kevin’s own time horizon and decision to retire.”
“In Chris we have identified the ideal successor, and I am pleased that we have been able to deliver a smooth transition period. On behalf of the Board, I would like to thank Kevin and wish him well in his retirement.”
