Aspen Names Boornazian to New Post – Head of Reinsurance

June 8, 2006

Bermuda-based Aspen Insurance Holdings Limited has named Brian Boornazian to the newly created position of Head of Reinsurance of Aspen. He will retain his current position as President of Aspen Re America as well as its associated responsibilities, and will continue to report directly to Aspen’s CEO, Chris O’Kane.

As Head of Reinsurance, “Boornazian will be responsible for the global management of property and casualty product lines across Aspen’s reinsurance operations, coordinating business planning, risk management and development of business opportunities,” said the announcement. He “will bring Aspen’s reinsurance businesses together into a streamlined reporting line, enhancing efficiencies across the segments.”

O’Kane commented: “We are fortunate that an executive with Brian’s depth of underwriting expertise and management experience is leading Aspen’s worldwide reinsurance operations. I am confident that he will help strengthen our ability to pursue global growth opportunities, leveraging our sophisticated modeling and diverse reinsurance platform.”

Boornazian joined Aspen in January 2004 as President of Aspen Re America, Property Reinsurance. He has served as President, Aspen Re America since October 2005. Prior to joining Aspen, he acted in several capacities at XL Re America, and most recently was Senior Vice President, Chief Property Officer with responsibility for Property Treaty, Property Facultative, Ocean Marine and Multi-Line. He previously has held positions with General Reinsurance, Guy Carpenter and Cologne Re of America. He has a B.A. in Economics from Fairfield University.

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