Aspen Appoints Beer to Board

Bermuda-based Aspen Insurance Holdings Limited announced that the Company’s Board of Directors has appointed Albert J. Beer to the Board in a non-executive capacity with effect from February 1, 2011. He has also been appointed to the Risk Committee and the Audit Committee, where he will serve as an additional financial expert.

Beer is a former Executive Vice President of American Re-Insurance Corporation (Munich Re America). He also served as President, Strategic Business Units of American Re-Insurance Company, Chairman, President and CEO of American Alternative Insurance Company and Chairman, President and CEO of Princeton Excess and Surplus Lines Insurance Company.

Beer is the current Chair of the Actuarial Standards Board and the Michael J. Kevany/XL Professor of Insurance and Actuarial Science at St. John’s University, New York.

Glyn Jones, Chairman of the Board commented: “I am delighted that Al has agreed to join Aspen’s board of directors. Al is a seasoned industry executive with an impressive track record built up over many years. In addition, as Chair of the Actuarial Standards Board and a board member of the Casualty Actuary Society, Al brings extensive technical knowledge to an important area of focus for our Audit and Risk Committees. I am sure that Al will add greatly to Aspen’s board discussions and we look forward to working with him.”

Source: Aspen Insurance