Reinsurance News

Aspen names Clive Edwards as CEO for UK & managing agency

12th September 2019 - Author: Matt Sheehan

Aspen Insurance Holdings Limited has appointed Clive Edwards as Chief Executive Officer (CEO) of Aspen Insurance UK Limited (AIUK) and Aspen Managing Agency Limited (AMAL).

He succeeds Mike Cain, who has been appointed to the position of Group Chief Operating Officer (COO).

Edwards most recently served as Co-Chief Underwriting Officer of AIUK, and has worked at Aspen since 2002.

He has been writing non-marine commercial lines insurance since joining the Commercial Union in 1980, and has previously held market development and account management positions at Midland Bank Insurance Brokers, London & Edinburgh, Norwich Union and Wellington Underwriting.

Aspen also appointed Henry MacHale and Jamie Lewis to take over as the Co-CUOs for AIUK, for insurance and reinsurance, respectively.

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MacHale will retain his roles as Global Head of Specialty for Aspen Insurance and as Deputy Active Underwriter of Aspen’s Lloyd’s syndicate 4711, while Lewis will continue on as Head of London, Aspen Re, and Specialty Re Global Product Head.

Mark Cloutier, Executive Chairman and Group CEO at Aspen, commented on the announcement: “Clive was part of the original team at the outset of Aspen and has continually demonstrated an outstanding capability as an underwriting leader.

“His proven experience and expertise, and the high esteem in which he is held in the UK market, make him very well qualified to take on these roles,” he added.

Additionally, Aspen announced the appointment of Hannah Purves as a non-executive director of AIUK, and it has been proposed that she will join the Board of AMAL in due course.

Purves was previously a Board Director and Claims Director at Markel International with responsibility for a claims team of over 130 people located throughout Europe, Canada, Asia and Latin America.

She also served as a Board Member and Deputy Chair of the Lloyd’s Market Association Claims Committee from 2014 to May 2019.

“I am delighted to welcome Hannah to Aspen,” Cloutier continued. “She has an industry-leading claims reputation which will add further depth to our strategic focus on arguably the most important service that we deliver.”

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