Aspen Launches U.S. Surety Unit

March 10, 2011

Specialty insurer Aspen has established a surety unit that will focus on public and private commercial and non-construction surety.

Michael Toppi, executive vice president of Aspen U.S. Insurance, will lead the unit. Mathew Raino, will serve as vice president of commercial surety, and Ryan Field, as assistant vice president of commercial surety.

Toppi has 23 years of experience in the surety business. He joins Aspen from Travelers Bond & Financial Products. Prior to his insurance career, Toppi worked as a police officer in Hartford, Connecticut and served in the United States Air Force.

Raino joins Aspen from Travelers Bond & Financial Products where his responsibilities included production, underwriting and portfolio management for the southern region of the U.S., with a particular focus on the energy and municipal solid waste industries.

Field is a specialist in commercial surety. He also joins Aspen from Travelers Bond & Financial Products, where he was responsible for underwriting and portfolio management in the southern U.S., with a focus on the mining & mineral industry. Prior to his insurance career, Field worked in the wholesale mortgage division at Deutsche Bank.

All three are based in Rocky Hill, Connecticut.

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