Aspen Insurance Holdings Ltd. announced that Richard Thornton has been appointed to the newly created position of group chief operating officer.
Thornton will undertake this new role in addition to his responsibilities as group head of strategy, said the company, adding that he will relinquish his current role as group chief risk officer.
He joined Aspen as group head of strategy in March 2014 and was appointed group chief risk officer in September 2014. Aspen will appoint a new group chief risk officer over the coming months.
Prior to joining Aspen, Thornton was a partner at Oliver Wyman, leading the development of its general insurance business in the United Kingdom and Europe. He worked on a wide variety of projects spanning life and general insurance, ranging from retail to global corporate and from strategy to operations, risk and finance. Previously, he was an economist in the Bank of England’s monetary analysis division.
“In this new role, Richard will be responsible for leading our operational strategy across our business segments, platforms and our corporate functions,” said Chris O’Kane, group chief executive officer. “Richard will bring strategic vision, new ideas and strong momentum to ensure that our operational activities are developed further and are even more effectively aligned to support our underwriting teams globally.”
Source: Aspen Insurance Holdings Ltd.
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