Reinsurance News

Aspen Insurance Holdings Limited

Aspen names Tay Boon Chuan as Head of Singapore

22nd May 2023

Aspen Insurance Holdings Limited has appointed Tay Boon Chuan as Head of Singapore, effective June 1st 2023. Boon joins Aspen after 12 years at Tokio Marine Kiln, where he was part of the Property Treaty Reinsurance team, most recently as Asia Treaty Team Lead. Collectively, Boon holds almost two and a half ... Read the full article

Aspen grows GWP 10% as underwriting improves again in 2022

20th April 2023

Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has reported a 10% rise in gross written premiums (GWP) and an improved underwriting income in its full year results despite an array of economic, environmental, and geopolitical challenges. Aspen's GWP in 2022 were $4,339 million, up from $3,938 million in the previous year. ... Read the full article

David Altmaier joins Aspen’s Board as Non-Exec Director

8th March 2023

Aspen Insurance Holdings Limited, a Bermuda-based re/insurer, has announced the appointment of David Altmaier to its Board as a Non-Executive Director. According to the announcement, Altmaier’s appointment is subject to receipt of any required regulatory approvals. Mark Cloutier, Group Chief Executive Officer and Chairman, commented: “I am delighted to welcome David to ... Read the full article

Aspen joins UN-supported Principles for Responsible Investment

1st February 2023

Aspen Insurance Holdings Limited has announced that it has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI). The PRI is a global network that consists of more than 5,000 different organisations that are committed to integrating environmental, social and governance (ESG) considerations into their investment decision-making and ... Read the full article

Mike Duffy appointed to Aspen UK Boards

31st January 2023

Bermuda-based re/insurer Aspen, has announced the appointment of Mike Duffy to the Aspen Managing Agency Limited (AMAL) and Aspen Insurance UK Limited (AIUK) Boards as a Non-Executive Director, effective February 1, 2023. Duffy will join the AMAL and AIUK, which together are known as Aspen UK, Boards as Senior Independent Non-Executive ... Read the full article

Aspen Capital Markets hires Chris Lee from Hiscox Re & ILS as COO

20th January 2023

Aspen Insurance Holdings has announced the appointment of Chris Lee as Chief Operating Officer of Aspen Capital Markets, the alternative reinsurance arm of Aspen. In the new role, Lee will be responsible for driving strategic investments in technology and change to support the continued growth of Aspen Capital Markets. Based in Bermuda, ... Read the full article

Aspen teams up with Counterpart to launch MPL insurance offering

2nd December 2022

AI-driven insurtech Counterpart has announced the addition of Miscellaneous Professional Liability (MPL) insurance to its existing suite of management liability products available to small businesses, backed by Bermuda-based re/insurer Aspen Insurance. According to Counterpart, MPL safeguards service professionals, chiefly small business owners, from losses related to customer claims like failure to ... Read the full article

Aspen returns to profit in 2021 as underwriting result improves

3rd May 2022

Aspen Insurance Holdings Limited has reported a return to profit for 2021 with net income of $29.8 million compared with a loss of $56.4 million in 2020, driven by an improved underwriting performance. Across the group, adjusted underwriting income amounted to $28.3 million 2021, against a loss of $87 million a ... Read the full article

Aspen increases participation in Ryan Specialty’s intl. MGU portfolio

21st January 2022

Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has announced an expanded trading agreement with Ryan Specialty Group (RSG) to support an international portfolio of delegated underwriting authority business. From January 1st, 2022, Aspen joined an additional seven programs for Ryan Specialty Underwriting Managers' MGU portfolio. The pair state that this agreement utilises ... Read the full article

Net premiums rise for reinsurers in Bermuda

20th January 2022

The net premiums written for a group of eight reinsurers based in Bermuda rose by 18.1% through 9m21. The figure was supplied by Fitch in one of its latest reports. The company suggested that the growth was driven by rate increases, plus growth in casualty and specialty writings. Among the eight reinsurers—Arch ... Read the full article

Enstar enters into $3.12bn LPT transaction with Aspen

11th January 2022

A wholly owned subsidiary of Enstar Group Limited has reached an agreement for a ground-up loss portfolio transfer (LPT) with Aspen Insurance Holdings Limited for its 2019 and prior business. Under the terms of the arrangement, Enstar's subsidiary will reinsure losses incurred on or prior to December 31st, 2019, on a ... Read the full article

Not a true hard market, but there’s more to come: Aspen’s Christian Dunleavy

8th October 2021

Despite improvements, it’s still not a true hard market and the reinsurance arena is likely lagging the primary space and needs to push for more rate adequacy, according to Christian Dunleavy of Aspen Insurance Holdings Limited. Dunleavy, who serves as Chief Underwriting Officer (CUO) of Aspen Re, and Chief Executive Officer ... Read the full article

Aileen Mathieson takes Chief Investment role at Aspen

16th July 2021

Bermuda domiciled insurer and reinsurer Aspen Insurance Holdings has announced the appointment of Aileen Mathieson as Group Chief Investment Officer (CIO). Mathieson brings over 15 years of investment and financial experience and joins from Aberdeen Standard Investments where she was Global Head of Insurance. Prior to this, she was CIO, UK Life ... Read the full article

Aspen hires Arch’s Andrew Rippert as EVP, Head of Mortgage

7th June 2021

Bermuda domiciled insurer and reinsurer, Aspen Insurance Holdings has appointed Andrew Rippert to the newly created role of Executive Vice President, Head of Mortgage. Rippert brings over 20 years’ experience in shaping and building global mortgage  re/insurance businesses and portfolios. He previously worked at Arch Capital, which saw him build and lead ... Read the full article

Aspen Insurance adds Richardson-Augustus to board of directors

26th March 2021

Aspen Insurance Holdings has appointed Tammy Richardson-Augustus to its board as Non Executive Director. Richardson-Augustus is a partner at international law firm Appleby Global, which advises public and private companies, financial institutions and private individuals. She joined Appleby Global in 1998 practising securities and funds work in Bermuda and Hong Kong. Richardson-Augustus maintains ... Read the full article