Bermuda-based Aspen Insurance Holdings Ltd. announced that Emil Issavi, president and chief underwriting officer of Aspen Re, has been appointed to lead its reinsurance business with immediate effect.
Issavi succeeds Thomas Lillelund who is leaving Aspen to become chief executive officer of Luxembourg-based AIG Europe. AIG Europe is the new legal entity for AIG’s business in the European Economic Area and Switzerland. Lillelund is expected to remain with Aspen for a period of time to ensure a smooth transition.
Since August 2012, Issavi has served as chief underwriting officer of Aspen Re, Aspen’s reinsurance business, and as president of Aspen Re since September 2014. He joined Aspen in 2006 as the head of casualty treaty at Aspen Re America before becoming the head of casualty reinsurance in 2008. Issavi was previously at Swiss Re America where he was the senior treaty account executive responsible for various global and national property casualty clients. He began his career at Gen Re as a casualty facultative underwriter.
“We are delighted to name Emil as our new leader for Aspen Re. His appointment recognizes the deep knowledge and insights that he brings to the role with over 20 years in the reinsurance business, including 12 years at Aspen,” said Chris O’Kane, Aspen’s group chief executive officer.
“As a highly respected leader, Emil’s appointment will provide continuity and is testament to the significant strength-in-depth that we have across our leadership team at Aspen,” he added.
“I would like to express my sincere gratitude to Thomas Lillelund for his significant contribution to Aspen Re over the last 10 years, most recently as chief executive officer of Aspen Re and before that as managing director of our Asia Pacific business. We wish him every success in the future.”
Source: Aspen Insurance Holdings
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