Reinsurance News
Aspen
Coalition enters capacity agreement with Aspen for US support
11th March 2024
Coalition, an active cyber insurance provider, has entered a long-term capacity agreement with Aspen Specialty Insurance Company to deploy cyber insurance capacity in the US. Through this agreement, Aspen will assume a share of Coalition’s US surplus lines cyber program this year, beginning on or after April 1, 2024. Shawn Ram, Head ... Read the full article
Aspen confirms Sarah Stanford as CEO of Aspen UK
8th March 2024
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has confirmed the appointment of Sarah Stanford as CEO of Aspen UK. Prior to her approval, Stanford had been appointed as Interim CEO, Aspen UK on January 17, 2024. Before this, she was serving as the Active Underwriter of Lloyd’s Syndicate 4711, representing ... Read the full article
Aspen Insurance names Sarah Stanford as Interim CEO of Aspen UK
17th January 2024
Aspen Insurance Holdings Limited has announced the appointment of Sarah Stanford as the interim CEO of Aspen UK, effective immediately. Stanford, currently serving as the Active Underwriter of Lloyd's Syndicate 4711, representing approximately 75% of Aspen's UK business, steps into the role with over 25 years of industry experience. In 2023, Stanford ... Read the full article
Aspen & Surefire Cyber launch cyber risk management services globally
8th January 2024
Specialty re/insurer Aspen Insurance Holdings Limited, has teamed with Surefire Cyber, a US-based firm, to launch Aspen Cyber Risk Services (ACRS), a complimentary suite of services that will enable its primary cyber insureds to proactively tackle cybersecurity threats, from pre-incident to response and resilience. According to the announcement, this new offering ... Read the full article
Aspen Insurance files for US IPO to “increase financial flexibility”
21st December 2023
Specialty re/insurer Aspen Insurance Holdings Limited has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed underwritten initial public offering (IPO) of its ordinary shares. This news follows a report from early December in which Aspen confirmed it was mulling ... Read the full article
Aspen confirms potential IPO in 2024
11th December 2023
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings Limited, has confirmed that it is mulling an initial public offering (IPO) of its ordinary shares in 2024, subject to satisfactory market conditions. The announcement from Aspen confirms a previous report by the Financial Times that Aspen has been working with bankers for some ... 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
Aspen’s Q3’23 underwriting rebounds with $47.9m income, driven by reinsurance arm
22nd November 2023
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has reported a better underwriting result across the group as it posted underwriting income of $47.9 million in Q3'23, up significantly from a loss of $70 million in Q3'22, driven by its reinsurance business. The combined ratio was 92.7% for the group in Q3’23, ... 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 Insurance promotes Edward Hart to International Head of Cyber
10th November 2023
Aspen Insurance, a provider of specialty re/insurance products, has announced the appointment of Edward Hart to the role of International Head of Cyber. Hart brings to his new role 10 years of cyber underwriting experience. Based in London, he will be responsible for advancing the International Cyber team, its underwriting strategy ... Read the full article
Ki teams with Travelers & Aspen to expand digital follow capacity
17th October 2023
Ki, the first fully digital and algorithmically-driven Lloyd's of London syndicate, has announced a partnership with Travelers and Aspen which will offer additional follow capacity through its digital platform from January 1, 2024. As a result of this major collaboration, Ki will become the first algorithmic underwriter in the market to ... Read the full article
Aspen names Owens Head of U.K. Business & Community Property team
16th October 2023
Aspen Insurance Holdings has appointed Graeme Owens as Head of the U.K. Business & Community Property team. Owens joins Aspen from Swiss Re Corporate Solutions, where he was Director, Global Standard Property Products. Collectively, Owens holds over three decades of experience as a commercial property underwriter, having held a number of executive-level ... Read the full article
Aspen’s reinsurance arm sees 16% drop in H1’23 premiums, underwriting income improves
22nd August 2023
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has reported a 16% decrease in gross written premiums for its reinsurance segment for the first six months of 2023, while underwriting income rose. Gross written premiums (GWP) for H1'23 was $876 million for the reinsurance segment, compared to $1.05 billion in 2022, primarily ... Read the full article
Aspen selects DWF as partner on global claims management outsourcing contract
18th August 2023
DWF, a global provider of integrated legal and business services, has agreed a global claims management outsourcing contract with Bermuda-based insurer and reinsurer, Aspen. The agreement between the two companies will see them both create a strategic partnership focused on portfolio management via an end-to-end claim and litigation servicing model that ... Read the full article
Aspen appoints Mike Rastigue as Vice President, Cyber Risk Management
23rd June 2023
Bermuda-based Aspen Insurance Holdings Limited has announced the appointment of Mike Rastigue as Aspen Insurance’s Vice President of Cyber Risk Management. The role is based in Aspen’s Chicago office. Rastigue is a market veteran and brings with him more than 20 years of cyber risk management experience from his prior roles. Rastigue ... Read the full article
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