Aspen Insurance News

Viewpoint: Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation

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 …

People Moves: Aspen UK Names Stanford CEO, Osman Become Active U/W, Lloyd’s Syndicate 4711; Howden Tiger Promotes Chattaraj as Chief Science Officer

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 …

Apollo-Owned Aspen Insurance Files for IPO in US

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 …

People Moves: Aspen Appoints Tartaglia SVP, COO, Insurance; Alliant Insurance Services Makes Senior-Level Hires

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 …

The Emerging Market for Active Assailant Insurance

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 …

Aspen Becomes 17th Insurer to Stop Insuring Canada’s Trans Mountain Pipeline

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 …

Aspen Insurance Reconfigures Management Team with 2 New CEOs, Non-Exec Director

Aspen Insurance Holdings Ltd. announced it has made some major changes to its management team, including the appointment of a non-executive director, two chief executive officers and a chief underwriting officer. The announcement also covers the appointment of Theresa Froehlich …

Insurers Distance Themselves from Disputed Australia Coal Project as Backlash Grows

Global insurance companies linked to Adani’s Carmichael coal mine in Australia are distancing themselves from the controversial development, as pressure mounts on financial institutions to cut their ties to the fossil fuel industry. A growing global consensus has seen financial …

Aspen Forms Adverse Development Cover Agreement with Enstar

Aspen Insurance Holdings Ltd. announced that it has entered into anadverse development cover reinsurance agreement with a wholly owned subsidiary of Enstar Group Ltd. In the transaction, Enstar’s subsidiary will reinsure losses incurred on or prior to Dec. 31, 2019 …

Victor O. Schinnerer Increases Capacity for Architects & Engineers through Aspen

Victor O. Schinnerer & Company, an underwriting manager of specialty insurance, has expanded its professional liability insurance program for architects and engineers (A&E). Brokers can now procure up to $35 million in coverage on behalf of qualified and eligible A&E …