Reinsurance News
7th December 2020
Aspen Re, the reinsurance segment of Aspen Insurance Holdings Limited, has announced the appointment of Ana Cifuentes as Head of Professional Lines for Aspen Re America, effective December 9, 2020. As Head of Professional Lines, she will be responsible for building and growing product offerings for Aspen Re America. Cifuentes most recently ... Read the full article
12th June 2020
Bermuda-based insurer and reinsurer Aspen Insurance Holdings Limited has announced the appointment of Theresa Froehlich to its Board as a Non-Executive Director, alongside some additional leadership changes. Froehlich's appointment to the Board is in addition to her roles as Chair of Aspen Insurance UK Limited (AIUK) and non-executive director of AIUK ... Read the full article
17th March 2020
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings Limited, has appointed Kevin Chidwick, previously of Openwork Limited and Admiral Group, as Group Chief Financial Officer (CFO), effective May 1st, 2020. Chidwick succeeds Scott Kirk who is set to leave the company at the end of April 2020 to pursue opportunities outside of ... Read the full article
3rd March 2020
Bermuda domiciled insurer and reinsurer, Aspen Insurance Holdings Limited, has entered into an adverse development cover (ADC) reinsurance arrangement with wholly owned subsidiaries of Enstar Group Limited. Under the terms of this ADC reinsurance agreement, Enstar's subsidiary will reinsure losses incurred on or prior to December 31st, 2019 on a diversified ... Read the full article
19th February 2020
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. In her new role, Ottaviano will report to Mark Cloutier, Executive Chairman and Group Chief Executive Officer (CEO) at Aspen. She joins the firm from ... Read the full article
12th September 2019
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, ... Read the full article
3rd September 2019
Bermudian insurer and reinsurer Aspen Insurance Holdings Limited has announced the appointment of Jonathan Ritz as its President, effective immediately. Formerly, Ritz was Chief Executive Officer (CEO) of Validus' US Insurance operations, including Western World Insurance Group, Crop Risk Services and Validus Specialty, all of which were acquired by AIG in ... Read the full article
16th August 2019
Aspen Insurance Holdings Limited has reported a net loss of $37.3 million for the first-half of 2019 compared with net income of $16.1 million in the same period last year, driven by expense and underwriting movements. The insurer and reinsurer's reported net loss for the period includes $99.2 million of net ... Read the full article
26th July 2019
S&P Global Ratings has maintained its negative outlook on the ratings of Bermudian re/insurer Aspen Insurance Holdings and its subsidiaries, citing continued pressure on the company’s underwriting performance compared to its peers. The rating agency also affirmed its ‘BBB+’ long-term issuer credit rating for Aspen, and ‘A-‘ long-term issuer credit and ... Read the full article
19th June 2019
Aspen Insurance Holdings Limited has appointed Joshua Brekenfeld as Director of Global Corporate Development, effective August 2019. Brekenfeld joins the insurer and reinsurer from Lloyd's of London, where he worked in a number of senior roles over the past six years, most recently leading the business oversight relationship between Lloyd's and ... Read the full article
30th May 2019
Emil Issavi, previously the President, Chief Underwriting Officer (CUO) and Managing Director of the Americas, Aspen Reinsurance, is leaving the firm to join Ryan Specialty Group (RSG) and its subsidiaries RSG Underwriting Managers, LLC and Ryan Re Underwriting Managers, LLC as Senior Executive. The announcement from Aspen Insurance Holdings and RSG ... Read the full article
14th May 2019
Bermuda-headquartered Aspen Insurance Holdings has announced a series of key changes to its management team, as well as issued confirmation that its UK-based MGA Aspen Risk Management Limited (ARML) will be put into run-off. Aspen states that it is working with the management team at ARML to ensure all policyholder obligations ... Read the full article
15th February 2019
It's been announced that affiliates of certain Apollo investment funds have completed the previously announced takeover of Aspen Insurance Holdings, following the receipt of regulatory approval. In August 2018, it was revealed that Apollo Funds had entered into a definitive agreement to acquire Bermuda-based insurer and reinsurer Aspen. This was followed by ... Read the full article
13th February 2019
Lodestar Marine has entered into a new agreement with Aspen Insurance, the insurance arm of Aspen Insurance Holdings Limited, that sees Lodestar provide Protection and Indemnity (P&I) insurance to the owners and managers of small and specialised ships with Aspen. Under the agreement, Lodestar will now provide protection up to $50 ... Read the full article
7th February 2019
Aspen Insurance Holdings Limited has reported a net loss of $147 million for the fourth-quarter of 2018, as a slight increase in investment income was heavily offset by underwriting losses in both its insurance and reinsurance segments following the impacts of catastrophe losses in the period. Net of reinsurance and reinstatement ... Read the full article
