Aspen Insurance said on Tuesday it was seeking a valuation of up to $2.85 billion in its New York flotation, as the Bermudian specialty insurer looks to go public again in the United States after more than six years. Stock …
Executive Summary: Insurers and reinsurers are responding to heightened risks of civil unrest with better calculations of their probable maximum losses, careful risk pricing, clear contractual wordings, and by using new modeling tools to help grasp this potentially costly risk. …
Executive Summary: With instances of violent unrest rising across the globe in recent years, property all-risk insurance programs bore significant losses. One reason is that sublimits for strikes, riots and civil commotion included on the programs were occurrence sublimits. The …
Executive Summary: When Mark Cloutier took the helm of Aspen to return the company to profitability, he knew a vital first step would begin with its group of talented people. There were cultural challenges that needed addressing along with the …
Executive Summary: Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just three of the strategies Aspen’s Chief Claims Officer Tony Rai suggests that insurers start undertaking—in concert with their …
This edition of International People Moves details appointments at Aspen UK and Howden Tiger. A summary of these new hires follow here. Stanford Named CEO of Aspen UK, Osman Become Active U/W, Lloyd’s Syndicate 4711 Aspen Insurance Holdings Ltd. announced …
Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing. The company did not disclose details about the size of the offering, but is reportedly …
Aspen Appoints Tartaglia SVP, COO, Insurance Aspen Insurance Holdings Limited has appointed Robert Tartaglia to the newly created position of SVP, chief operations officer, insurance, starting July 3. Tartaglia will be based in Aspen’s Jersey City, New Jersey offices. Tartaglia …
So far in 2022, the U.S. has experienced multiple tragic mass shootings. One only needs to see the images on the news following the shooting at Robb Elementary School in Uvalde, Tex., or the attack during the Fourth of July …
Lloyd’s of London syndicate Aspen Insurance has decided to cut ties with the existing Trans Mountain pipeline when its current insurance policy expires this summer, according to the climate activist group, Coal Action Network. Aspen joins 16 other insurers that …
