Reinsurance News

Aspen Re to close offices in Miami, Dubai and Lloyd’s China

21st November 2019 - Author: Luke Gallin

Aspen Re, the reinsurance arm of Bermudian insurer and reinsurer Aspen Insurance Holdings Limited, is to close its offices in Miami, Dubai and Lloyd’s China.

AspenThe Bermudian re/insurer has confirmed a restructure of some of its operations, resulting in the closure of its Dubai and Lloyd’s China reinsurance offices, as well as its insurance and reinsurance offices in Miami.

Specifically, Aspen Re’s Latin American reinsurance treaties that are currently underwritten in Miami will be transferred to Rocky Hill, Connecticut, and Bermuda.

The reinsurer’s Middle East and African reinsurance treaty renewals previously underwritten in Dubai are to be transferred to the firm’s Zurich office, which is set to be Aspen Re’s hub for Europe, Middle East and Africa.

At the same time, business that is currently underwritten via the firm’s Lloyd’s China platform will be transferred to Aspen Re’s Singapore office. While crisis management insurance business that is handled in Miami will be transferred to the re/insurer’s London team.

Aspen has confirmed all of the above but has declined to comment any further.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Swiss Re CorSo launches globally standardised property policy

Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurer Swiss Re, has announced the launch of...