Reinsurance News
Aspen Insurance Holdings Limited
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
Aspen Re America names Head of Professional Lines
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
Aspen adds Theresa Froehlich to Board; announces leadership changes
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
Kevin Chidwick to succeed Scott Kirk as Aspen CFO
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
Aspen enters into ADC reinsurance agreement with Enstar
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
Aspen names Swiss Re’s Crystal Ottaviano as Group Chief Risk Officer
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
Aspen names Clive Edwards as CEO for UK & managing agency
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
Validus’ Jonathan Ritz appointed President of Aspen
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
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