Bermuda-based Aspen Insurance Holdings Limited announced that its subsidiary, Aspen Insurance UK Limited, has been authorized by the Australian Prudential Regulation Authority to operate as a branch insurer to underwrite general insurance business in the country.
Aspen said its “Australian branch is headquartered in Sydney and will conduct business under the name ‘Aspen Insurance UK Limited – Australia Branch.’ Aspen has appointed Ross Littlewood of Littlewood Services Pty. Ltd. (The ReCentre) as its agent in Australia.”
CEO Chris O’Kane commented: “We have been writing business in Australia since the inception of the Company as a direct offshore foreign insurer and we are delighted to confirm our commitment to the territory with the establishment of a branch office. This new office is indicative of Aspen’s continuing efforts to deliver superior services and products to clients worldwide.”
Aspen currently underwrites property and casualty reinsurance and the following insurance lines: professional liability, financial institutions, energy physical damage, marine, energy and specialty liability, and aviation hull and liability in Australia.
Source: Aspen Insurance Holdings – www.aspen.bm
Topics Australia
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