Chris O’Kane, group chief executive of Aspen Insurance Holdings, issued the following statement to employees that he will step down from his position when Apollo Global Management completes its purchase of Aspen in the first half of 2019. The statement …
Brit Ltd. announced that Mark Cloutier will step down from his role as executive chairman of Brit in December 2018. Following his departure, Cloutier will take up a role with an affiliate of Apollo Global Management, LLC, working as a …
In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit, according to a report published …
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 …
Aspen Insurance Holdings Ltd. announced that Brian Boornazian has decided to retire as chairman of its reinsurance segment, Aspen Re, and as chief executive officer of Aspen Re, Americas, with effect from the end of April. “I would like to …
Aspen Insurance Holdings lost nearly $185 million in the 2017 fourth quarter, or $3.25 per diluted share. The struggling Bermuda-based insurer and reinsurer also saw its consolidated combined ratio hit 152.6. While California wildfire catastrophe costs contributed greatly to Aspen’s …
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 …
Aspen Insurance Holdings Ltd. announced that David Schick has been appointed group chief operating officer. Schick joins Aspen from Maybank where he was executive vice president, Group Strategy and Transformation, and director of Strategic Operational Excellence. At Maybank, he was …
XL Catlin’s venture fund, XL Innovate, committed $4 million in first-round financing to Stonestep, a property/casualty insurtech startup looking to streamline how microinsurance is sold in emerging markets. The Series A funding is designed to help Stonestep grow in the …
Aspen Insurance Holdings Ltd. announced that Richard Thornton has been appointed to the newly created position of group chief operating officer. Thornton will undertake this new role in addition to his responsibilities as group head of strategy, said the company, …
