Reinsurance News

Aspen names Swiss Re’s Crystal Ottaviano as Group Chief Risk Officer

19th February 2020 - Author: Luke Gallin

Bermuda domiciled insurer and reinsurer, Aspen Insurance Holdings Limited, has appointed Swiss Re’s Crystal Ottaviano as its new Group Chief Risk Officer (CRO), effective March 2nd, 2020.

AspenIn her new role, Ottaviano will report to Mark Cloutier, Executive Chairman and Group Chief Executive Officer (CEO) at Aspen.

She joins the firm from Swiss Re America where she has served as the company’s CRO since October 2013, responsible for independent oversight of the reinsurer’s P&C reinsurance business in the region.

Prior to this, Ottaviano served as Senior Vice President, Operational Risk Management at Swiss Re, a role in which she had responsibility for the operational risk management framework for the Americas. Before Swiss Re, she worked at global re/insurer Hiscox as Head of Risk Management, where she developed the firm’s risk management strategy for the U.S. specialty insurance business.

Cloutier commented: “Crystal is a highly experienced financial services professional who has led diverse teams to new levels of success in fast-paced environments.

“I am delighted to welcome her to Aspen in this key role for our business. Her proven ability to understand business needs and challenges, coupled with her excellent experience developing financial and risk management strategies, make her a valuable addition to our strong leadership team.”

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