Reinsurance News
Aspen Insurance Holdings Limited
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
Aspen Insurance appoints Caryn Brough as Head of US Distribution
28th July 2023
Aspen Insurance Holdings Limited has announced the appointment of Caryn Brough as Head of US Distribution, in addition to her current role as Group Head of Marketing. Brough, who has been with Aspen since 2017, has been instrumental in driving significant positive changes in her previous positions. During her tenure, Brough successfully ... Read the full article
John Welch named CUO of Aspen’s Reinsurance division
13th June 2023
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, appointed John Welch as the Chief Underwriting Officer of its reinsurance division, effective June 26. With over three decades of global experience in reinsurance, Welch brings a wealth of knowledge to his new role. Welch's extensive executive background includes leadership positions at prominent global ... Read the full article
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