Aspen Insurance News

Apollo Global Management Completes Acquisition of Aspen Insurance

Apollo Global Management LLC, the investment firm led by Leon Black, has completed its acquisition of Aspen Insurance Holdings for $42.75 per share in cash, with an equity value of approximately $2.6 billion. The transaction, which was first announced on …

MGU Lodestar Marine and Aspen Insurance Form Agreement to Provide P&I Cover

Lodestar Marine, the London-based managing general underwriter, announced an agreement with Aspen Insurance to provide protection & indemnity insurance (P&I) to the owners and managers of small and specialized ships. London-based Lodestar provides $50 million of Aspen-backed P&I cover, with …

Aspen Insurance Bermuda Names Key Excess Casualty, FINPRO Appointments

Aspen Insurance announced two key appointments to its Bermuda insurance team. Saadia Savory joined Aspen insurance in December as vice president, Excess Casualty, Bermuda. She will lead the Bermuda Casualty team and reports to Zac Clammer, executive vice president, head …

Starr to Acquire Aspen’s Aviation Insurance Renewal Business

Starr Insurance Companies, one of the largest aviation insurers, has agreed to acquire the renewal rights of Aspen Insurance’s aviation business, which the insurer says is in excess of $50 million in gross written premiums. This follows Aspen’s announcement last …

SafeWaters Forms Agreement with Aspen Insurance to Expand Ocean Marine Coverage

SafeWaters Underwriting Managers has a new delegated authority underwriting agreement to provide the U.S. and Latin American markets with expanded ocean marine insurance products backed by Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited. Effective immediately, SafeWaters will …

Aspen Announces Cohen to Lead Insurance Unit, Succeeding Postlewhite

Aspen announced that David Cohen, president and chief underwriting officer of Aspen Insurance, will lead the day-to-day management of the Insurance business, reporting to group chief executive officer, Chris O’Kane. “David joined Aspen in November 2015. Since his arrival, he …

Argo and Aspen Issue Loss Estimates for Q3 Natural Catastrophes

Argo Group International Holdings Ltd. and Aspen Insurance Holdings Ltd. have issued their third quarter catastrophe loss estimates, primarily related to Hurricanes Harvey, Irma and Maria as well as the earthquakes in Mexico City. Argo, the Bermuda-based specialty insurance and …

DUAL Commercial, Aspen Insurance Partner on Management Liability Program

DUAL Commercial, a subsidiary of the Hyperion Insurance Group Limited, has partnered with Aspen American Insurance Co., part of Aspen Insurance Holdings Limited, enabling DUAL to provide a broader management liability product offering for both private and not-for-profit entities. Aspen …

Aspen Insurance Acquires Puerto Rico Marine MGA, Blue Waters Insurers

Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings, announced it has acquired Blue Waters Insurers Corp. Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist marine managing general agency. The company was founded in …

AIG’s Alexandru Joins Aspen to Head New U.S. Crisis Management Line with Product Recall

Aspen Insurance announced the appointment of Nicky Alexandru as head of U.S. Crisis Management. Alexandru will develop a U.S. product contamination/recall capability, which will be a new Crisis Management line of business for Aspen in the U.S. He joins Aspen …