Aspen to Place UK MGA in Runoff, Closes Dublin Office and Makes Executive Changes May 15, 2019 Aspen Insurance Holdings is placing its UK managing general agency in runoff, closing its Dublin office and making a slew...
Aspen Insurance CEO O’Kane Issues Statement That He Will Step Down in 2019 October 2, 2018 Chris O’Kane, group chief executive of Aspen Insurance Holdings, issued the following statement to employees that he will step down...
Cloutier to Step Down as Brit’s Exec. Chairman, with Plans to Become CEO of Aspen October 1, 2018 Brit Ltd. announced that Mark Cloutier will step down from his role as executive chairman of Brit in December 2018....
Private Equity Firm Apollo to Buy Aspen Insurance for $2.6 Billion August 28, 2018 By Neil Callanan Apollo Global Management LLC, the investment firm led by Leon Black, agreed to acquire Aspen Insurance Holdings Ltd. for $2.6...
A Tale of Two Floridas: Hurricane Irma’s Belated Impact on Reinsurers August 21, 2018 Reinsurers expressed different views of loss developments related to Hurricane Irma, when executives reviewed the impact of the Florida event...
Aspen Promotes Issavi to Lead Its Reinsurance Business, Succeeding Lillelund August 8, 2018 Bermuda-based Aspen Insurance Holdings Ltd. announced that Emil Issavi, president and chief underwriting officer of Aspen Re, has been appointed...
Aspen’s Restructuring Continues – To Improve Results, Preserve Shareholder Value August 7, 2018 By Susanne Sclafane The chief executive of Aspen Insurance Holdings Limited described business changes to Aspen’s Lloyd’s insurance book last week, while neither...
As Underwriting Pain Increases, Insurers Pull Back from Underperforming Lines August 6, 2018 By Susanne Sclafane News that Lloyd’s is undergoing a strategic review of its operations may be part of a larger industrywide phenomenon—reality is...
Boornazian to Retire as Chairman of Aspen Re and CEO of Aspen Re, Americas April 2, 2018 Aspen Insurance Holdings Ltd. announced that Brian Boornazian has decided to retire as chairman of its reinsurance segment, Aspen Re,...
Aspen Ceases Underwriting Property Insurance from Bermuda Platform February 16, 2018 By L.S. Howard Aspen Insurance Holdings confirmed on Friday, Feb. 16 that it has ceased underwriting property insurance on its Bermuda platform, effective...