Reinsurance News
Aspen Insurance Holdings Limited
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
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
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