Aspen Insurance News

Aspen Names Brown to Head U.S. Distribution– Correction

Aspen U.S. Insurance announced that Russell Brown has joined the company as senior vice president and head of U.S. distribution. Reporting to Bob Rheel, executive vice president and head of U.S. Property & Casualty Insurance, Brown will lead distribution and …

Aspen Insurance, Starr Companies to Form Joint Europe Property Venture

Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, and Starr Companies announced that they have “signed a memorandum of understanding under which both parties will enter into a joint underwriting initiative to write international property insurance, with …

Global Insurers, Brokers Establish Micro Insurance Consortium

A group of global insurance companies and brokers took advantage of the World Economic Forum meeting in Davos to announce that they have established a micro insurance consortium and micro insurance venture incubator (MVI). Among the companies taking part in …

Smaller Firms Showing Interest in Cyber Liability Coverage: Aspen’s Vitale

Cyber liability insurance isn’t just for large corporations anymore. Demand for cyber liability insurance is now coming from middle-sized and small businesses, according to an insurance CEO who believes the market potential is tremendous. “Now we see many, many what …

Windsor Joins Aspen US Energy and Construction Team

Gary Windsor has joined Aspen US Insurance as senior vice president of Energy and Construction. Reporting to Tony Carroll, executive vice president, Marine, Energy, and Construction, Windsor will be based in Miami and be responsible for Aspen US Insurance’s on-shore …

Aspen Rejects Endurance’s $3.2B Hostile Acquisition Bid As ‘Ill-Conceived’

Bermuda-based Endurance Specialty Holdings Ltd. today offered to buy Aspen Insurance Holdings Limited, also based in Bermuda, for $3.2 billion, or $47.50 per Aspen share, in a hostile takeover. The combined company would have more than $5 billion of combined …

ThinkRisk, Aspen Launch New Private, Non-Profit Management Liability Program

ThinkRisk Underwriting Agency, a division of RSG Underwriting Managers, LLC, and Aspen US Insurance have launched a new national management liability package program.  The product is available on an admitted basis in most states and offers multiple coverage lines for …

B&B Protector Plans, Aspen US Partner for Lawyers Professional Liability

B&B Protector Plans, Inc. and Aspen US Insurance have partnered for lawyers professional liability, with Aspen US now the carrier for the Lawyer’s Protector Plan (LPP). The program will offer lawyers professional liability coverage to law firms with one to …

Best Affirms Ratings of Aspen Insurance and Subs Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Aspen Bermuda Limited (ABL). Best has also affirmed the …

Worth Named CFO at Aspen

Aspen Insurance Holdings Ltd. in Bermuda has appointed John Worth as group chief financial officer of the company, effective Nov. 1. He will be based in London, reporting directly to Chris O’Kane, Aspen’s chief executive officer, and join Aspen’s group …