Reinsurance News
Aspen Insurance Holdings Limited
Aspen reports improved Q3’25 CoR of 86.8% as underwriting result rises to $94.4m
14th November 2025
Bermuda-domiciled insurer and reinsurer, Aspen Insurance Holdings, has reported a combined ratio of 86.8% for the third quarter of 2025, an improvement of 8.4 percentage points from the 95.2% achieved in the same period last year. This improved combined ratio was driven by Q3’25 underwriting income of $94.4 million, while gross ... Read the full article
Aspen names John Welch as Group Chief Underwriting Officer
18th July 2025
Bermuda domiciled insurer and reinsurer Aspen Insurance Holdings has appointed John Welch as Group Chief Underwriting Officer (CUO), effective August 1st, 2025. In his new role, Welch will report to Christian Dunleavy, Group President and Chief Executive Officer of Aspen Bermuda Limited. He will be responsible for overseeing, developing, and executing Aspen’s ... Read the full article
Aspen reports increased GWP in unaudited Q1’25 results
29th April 2025
Aspen Insurance Holdings Limited has released its unaudited results for the first quarter of 2025, reporting an increase in gross written premiums (GWP) alongside a notable decrease in profitability. The Bermuda-based re/insurer reported GWP of $1.287 billion for Q1 2025, up from $1.231 billion in the same period last year. Year on ... Read the full article
Aspen appoints Dunleavy and Apollo’s Lagler to its Board
20th March 2025
Bermuda domiciled re/insurer Aspen Insurance Holdings Limited has appointed Christian Dunleavy as a Director and Michael Lagler as a Non-Executive Director to its Board, effective March 17th, 2025. Currently, Dunleavy is Group President and Chief Executive Officer (CEO) of Aspen Bermuda Limited, responsible for the group’s underwriting strategy, claims and business ... Read the full article
Aspen posts strong underwriting gains for 2024 as net income rises
28th February 2025
Bermuda-based Aspen Insurance Holdings has reported an improved underwriting result for the fourth quarter and full year 2024, despite higher catastrophe losses in its insurance and reinsurance segments for both periods. Group-wide, underwriting income increased by 102.8% to $143 million in Q4 2024 and rose by 5.8% to $345.8 million for ... Read the full article
Aspen’s reinsurance GWP up significantly in Q2’24 on targeted casualty & specialty growth
15th August 2024
Insurer and reinsurer Aspen Insurance Holdings Limited grew its reinsurance gross written premiums (GWP) 42% in the second quarter of 2024 to $566.2 million, as the segment generated underwriting income of $44.8 million with a combined ratio of 86.3%. Aspen's insurance and reinsurance businesses performed well in the second quarter, contributing ... Read the full article
Aspen Data Labs launches to enhance digital and AI capabilities
11th July 2024
Aspen Insurance Holdings Limited, a provider of insurance and reinsurance solutions, has launched Aspen Data Labs, a new platform designed to advance its digital capabilities and enhance its focus on data and artificial intelligence (AI). Aspen Data Labs will facilitate collaboration among employees and partners on data science and AI projects ... Read the full article
Aspen and PIMCO launch casualty-focused reinsurer Pando Re
16th April 2024
Aspen Insurance Holdings and PIMCO Investment Management Company have formed Pando Re, a Bermuda-domiciled collateralized (re)insurer focused on casualty business. Aspen will reportedly be the sole cedant to Pando Re and PIMCO will be its exclusive investment manager. The new reinsurer will participate in Aspen’s Casualty Insurance, Global Professional Lines Insurance, ... Read the full article
Aspen appoints Michael Tate as Inland Marine – Head of Product & Underwriting
20th December 2023
Aspen Insurance Holdings Limited (Aspen) has announced the appointment of Michael Tate as Inland Marine – Head of Product & Underwriting. Tate assumed his role on December 18, and will be based in Chicago, the company said. Prior to joining Aspen, Tate served as the Chief Underwriting Officer at Berkley Fire ... Read the full article
Aspen reportedly opts for New York as venue for $4bn IPO
4th December 2023
Aspen, the Bermuda headquartered global specialty insurance and reinsurance company, is reportedly opting for New York as a venue for an initial public offering (IPO), rather than London, according to the Financial Times. It's been reported before that Aspen has been working with bankers for a number of months, in planning ... Read the full article
Cedents & reinsurers better prepared for Jan 2024 renewals: Aspen’s Hough
21st November 2023
According to Philip Hough, Global Head of Property Reinsurance and Head of EMEA & LATAM, Aspen, there was a calmness to the meetings at Baden-Baden this year ahead of 1:1, after "the chaos and uncertainty around capacity last year." "Capacity is available across all lines of business and both cedents and ... Read the full article
Aspen hires Mardon as Global Head of property cat reinsurance & Bermuda CUO
2nd November 2023
Aspen Insurance Holdings Limited, a Bermuda-based re/insurer, has appointed Tim Mardon as Global Head of Property Catastrophe Reinsurance. His new role is effective November 14, 2023. It has also been confirmed, that Mardon will also become Chief Underwriting Officer (CUO) of Aspen Bermuda Limited (ABL), as well as a member of Aspen ... Read the full article
Aspen names Bobby Bianconi Global Head of Cyber
29th September 2023
Bermuda-based re/insurer, Aspen Insurance Holdings Limited, has announced the appointment of Bobby Bianconi as Global Head of Cyber. In his new role, based in Connecticut, Bianconi will lead Aspen’s Global Cyber underwriting team, overseeing its underwriting strategy and risk management capabilities. He will also maintain oversight of Aspen’s recently enhanced Cyber Risk ... Read the full article
Aspen names Andrew Dyer Chief Risk Officer, Aspen UK
24th August 2023
Aspen Insurance Holdings Limited has appointed Andrew Dyer as Chief Risk Officer, Aspen UK, based in London. Collectively, Dyer has two decades of experience in risk management, governance, and oversight for insurance. He joins Aspen from the Prudential Regulation Authority (PRA), where he was most recently Head of Division, London Markets, ... Read the full article
Liz Garcia joins Aspen as Global Head of Property Reinsurance Claims
31st July 2023
Liz Garcia has joined Bermuda-based Aspen Insurance Group as Global Head of Property Reinsurance Claims, effective August 1. She joins Aspen from Fidelis MGU, where she served as Head of Claims Bermuda for close to three years. Prior to that, she was Head of Claims at Berkley Re UK Limited for ... Read the full article
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