Jones to Succeed Myners as Aspen Board Chairman

Bermuda-based Aspen Insurance Holdings Limited announced that its Chairman, Paul Myners, will retire from the Board and all subsidiaries effective May 2nd following the Company’s Annual General Meeting. He has been Chairman since the Company’s founding in 2002.

Aspen said that Glyn Jones, who has been a Board member since 2006, would succeed Myners. He is the former CEO of Thames River Capital, CEO of Gartmore Investment Management, CEO of Coutts Natwest Group and Coutts Group, and a former consulting partner with Coopers & Lybrand / Deloitte Haskins & Sells Management Consultants.

Myners commented: “I have chaired the Board of Aspen since the incorporation of the Company. Over the last five years Aspen has developed a reputation as a significant player in its chosen markets. As the Company transitions into its next stage of development, I am delighted that Glyn Jones is to succeed me as Chairman. I have worked with Glyn in various companies over the last seven years and have the highest regard for his executive skills and record of achievement in financial services.”

Jones praised Myners tenure, indicating that he has “been a tremendous asset to Aspen and put in place firm foundations.” He’s looking forward to working with the current management team and helping to “support and shape Aspen’s future.”

Aspen CEO Chris O’Kane lauded Myners commitment to Aspen and said he had played “a crucial role in the formation of the Company. He also said he “delighted that Glyn Jones has been appointed as the next Chairman and I look forward to working closely with him in his new role as the Company enters the next phase of its development.”