Reinsurance News
Aspen
Yelena La Forgia joins Aspen Insurance & Aspen US as SVP, CFO
5th June 2023
Yelena La Forgia has been appointed to the role of Senior Vice President, Chief Financial Officer, at Aspen Insurance and Aspen US. Based in New York, she joins the firm from Berkley Product Protection where she most recently held the role of Chief Financial Officer. Prior to Berkley, she spent over six ... 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
For re/insurers, climate change extends beyond weather impacts: Philip Hough, Aspen Re
12th April 2023
Driven in part by the rise in losses from what is being defined in the industry as secondary perils, insurers and reinsurers are increasingly confronted with the physical impacts of climate change. However, the challenges are more than just concerning the weather, according to Philip Hough, Global Head of Property ... Read the full article
TransRe appoints Aspen’s Mollinier as President of EMEA
12th April 2023
TransRe, a reinsurance company wholly owned by Alleghany Corporation, has appointed Julien Mollinier as President of EMEA to further expand its Continental European business. In the role, Mollinier will be based in Zurich and will oversee all TransRe Europe’s underwriting and business development activities. He will also work closely with the ... Read the full article
The market needed a reset to attract critical support of capital providers: Hough, Aspen Re
28th March 2023
The last few months of last year were a turning point for the reinsurance market, as the need to reset pricing and achieve more sustainable long-term rate adequacy intensified, leading to probably the most distressed market that Philip Hough of Aspen Re has ever experienced. Hough has been the Global Head ... 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
Nick Acker joins Aspen as Head of US Distribution
5th January 2023
Bermuda-based re/insurer Aspen, has appointed Nick Acker as Head of US Distribution, a Chicago-based role. In his new role he will be responsible for developing Aspen’s relationships with broking partners within the US. He will report to Jonny Atkinson, Group Chief Business Development Officer. The re/insurer has praised Acker’s extensive experience of ... Read the full article
Aspen backs Counterpart’s AI-powered crime coverage for small businesses
16th September 2022
Bermuda-based re/insurer Aspen Insurance Holdings Limited has backed an AI-powered crime coverage for small businesses, launched by AI-driven insurtech, Counterpart. In a press release, it noted that the policy can be purchased on a standalone basis or packaged with its existing Directors & Officers, Employment Practices, and Fiduciary insurance lines. The crime ... Read the full article
Aspen improves underwriting, grows reinsurance premiums
7th September 2022
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has reported improved underwriting income for the first six months of 2022, as top line growth helped to offset a moderate increase in catastrophe losses. Underwriting income for H1 amounted to $156.5 million, up from $59.4 million for the same period last year, resulting ... Read the full article
Swiss Re’s Bishop takes top Data & Analytics role at Aspen
6th September 2022
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has appointed Tony Bishop as Group Head of Data and Analytics. He joins the company from Swiss Re, where he most recently served as Head Data Office for the Swiss Re Corporate Solutions unit, based in London. Bishop has spent almost 18 years at Swiss ... Read the full article
Aspen drops KPMG over “weaknesses” in financial reporting
26th July 2022
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has confirmed that KPMG will no longer serve as its independent registered public accounting firm, after Aspen identified “material weaknesses” in internal controls over financial reporting. With effect from July 6th, Aspen has appointed Ernst & Young (EY) to replace KPMG as its accounting ... Read the full article
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