Aspen Insurance News

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 …

Vitale Becomes Sole CEO of Aspen Insurance; Villers Named Chairman

Aspen Insurance Holdings Limited announced this week Mario Vitale, who has been serving as co-CEO of Aspen Insurance division alongside Rupert Villers, will become the sole CEO of the division, effective July 1. Vitale will also remain as president of …

Vitale Appointed as New York-based Co-CEO of Aspen Insurance

Aspen Insurance Holdings appointed Mario Vitale as co-CEO of Aspen Insurance, effective Jan. 1, 2012. He replaces John Cavoores who will be leaving that post at the end of the year. He will work jointly with Rupert Villers, co-CEO of …

MiniCo Adds Aspen American as Self-Storage Insurance Provider

Phoenix-based MiniCo Insurance Agency LLC announced that it has signed an agreement with Aspen American Insurance Co., a subsidiary of Aspen Insurance Holdings Ltd., to be an additional carrier for MiniCo’s specialty insurance programs for the self-storage industry. Aspen American …