Reinsurance News
Aspen
Aspen prices upsized IPO, offering could raise $457m
8th May 2025
Aspen Insurance Holdings has announced the pricing of its upsized initial public offering (IPO) of 13,250,000 Class A ordinary shares (par value $0.001) at $30.00 per share. In April, Aspen initially planned to offer 11,000,000 Class A ordinary shares, all of which were being sold by entities affiliated ... Read the full article
Aspen reports increased GWP in unaudited Q1’25 results
29th April 2025
Aspen Insurance Holdings Limited has released its unaudited results for the first quarter of 2025, reporting an increase in gross written premiums (GWP) alongside a notable decrease in profitability. The Bermuda-based re/insurer reported GWP of $1.287 billion for Q1 2025, up from $1.231 billion in the same period last year. Year on ... Read the full article
Aspen targets up to $341m in US IPO launch
29th April 2025
Aspen Insurance has launched an initial public offering of 11 million Class A ordinary shares ($0.001 par value), all being sold by entities affiliated with Apollo Global Management, its parent company. Aspen has revealed that the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional ... Read the full article
Aspen reports Q3’24 underwriting income as GWP swell to $1.1bn
15th November 2024
Aspen Insurance has reported a Q3 2024 net income available to ordinary shareholders of $42.9 million, with an underwriting income of $33 million and a total combined ratio of 95.2%. The underwriting income figure of $33 million in Q3 2024 compares to $47.9 million in Q3 2023 and includes $54.8 million, ... Read the full article
Aspen Insurance promotes Borg to Head of Power and Midstream
12th November 2024
Aspen Insurance Group, a specialty insurer and reinsurer, has announced the promotion of Lesley Borg to Head of Power and Midstream, a London-based role. Borg has been part of Aspen since 2016, when she joined the company as Head of International Oil & Gas. She was then appointed Senior Underwriter Upstream ... Read the full article
Aspen names Paul Bradbrook as UK CFO
4th November 2024
Aspen Insurance Group, a specialty insurer and reinsurer, has announced the appointment of Paul Bradbrook as UK Chief Financial Officer. Bradbrook brings nearly three decades of industry experience to his new role, particularly in senior finance positions. He joins Aspen from R&Q Insurance Holdings, where he served as Chief Accounting Officer. Prior ... Read the full article
Aspen appoints Peter Spires as Group Head of Compliance & Deputy Group General Counsel
30th August 2024
Aspen, a specialty insurance and reinsurance company, has recently announced the appointment of Peter Spires as Group Head of Compliance & Deputy Group General Counsel. In his new role, Spires will report directly to David Amaro, Group General Counsel at Aspen. Amaro expressed enthusiasm for Spires’ appointment, stating, "I'm thrilled that Peter ... Read the full article
Aspen’s reinsurance GWP up significantly in Q2’24 on targeted casualty & specialty growth
15th August 2024
Insurer and reinsurer Aspen Insurance Holdings Limited grew its reinsurance gross written premiums (GWP) 42% in the second quarter of 2024 to $566.2 million, as the segment generated underwriting income of $44.8 million with a combined ratio of 86.3%. Aspen's insurance and reinsurance businesses performed well in the second quarter, contributing ... Read the full article
Aspen announces changes to its leadership, names Dunleavy Group President
29th July 2024
Bermuda-based insurer and reinsurer Aspen has announced the appointment of Christian Dunleavy as Group President and CEO of Aspen Bermuda Limited, and Mark Pickering as Group Chief Financial Officer & Treasurer. Effective August 1, 2024, both will report to Mark Cloutier, Executive Chairman and Group Chief Executive Officer. In his expanded responsibilities, ... Read the full article
Aspen Insurance names Tony Bishop Chief Data & Analytics Officer
22nd July 2024
Aspen Insurance has appointed Tony Bishop as Chief Data & Analytics Officer, where he will be responsible for the firm's recently launched Data Labs and Architecture in addition to his current remit overseeing its Data and Analytics strategy. Bishop joined Aspen in 2022 as Head of Data & Analytics, and under ... Read the full article
Insurtech Counterpart names Muglia Professional Liability Insurance Lead
24th June 2024
Counterpart, a management and professional liability insurtech backed by Markel, Aspen, and Westfield, has announced the appointment of industry veteran, Michael Muglia, as its Professional Liability Insurance Lead. In addition, Counterpart also announced the promotion of three of its longest-standing team members as Territory Leads: Brad Bahler, Satwik Mysore and Jake ... Read the full article
Aspen realises dip in operating income for Q1 as CoR increases
30th April 2024
In its Q1 2024 results, Aspen Insurance Holdings has revealed an operating income of $103 million, driven by an 86.3% adjusted combined ratio, down marginally from last year's $108 million and adjusted combined ratio of 82.7%. Gross written premiums in Q1 of 2024 were up at $1.23 billion, while net written ... Read the full article
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
kWh Analytics raises capacity with Aspen to support renewable energy growth
8th April 2024
Climate insurer kWh Analytics, Inc. has raised capacity with Aspen Insurance to support its property insurance offering for renewable energy projects to fight climate change. With this increase, kWh Analytics is able to underwrite up to USD$75 million per renewable energy project location. It also has full delegated authority to cover accounts ... Read the full article
Aspen’s 2023 net income hits $485m, CoR improves to 87.5%
2nd April 2024
Aspen has revealed that net income available to ordinary shareholders increased significantly in 2023, climbing to $485 million, while its combined ratio improved 5.5 points to 87.5%. Meanwhile, Aspen's underwriting result for the full year 2023 improved by $136 million to $327 million. The firm explained that the increase was driven by ... Read the full article
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