Aspen Insurance Holdings is placing its UK managing general agency in runoff, closing its Dublin office and making a slew of executive personnel changes including naming a new CEO of Aspen Bermuda, a new group chief operating officer and a …
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 …
Apollo Global Management LLC, the investment firm led by Leon Black, agreed to acquire Aspen Insurance Holdings Ltd. for $2.6 billion, in the latest example of private equity investors expanding their insurance assets. Apollo will pay $42.75 a share in …
Reinsurers expressed different views of loss developments related to Hurricane Irma, when executives reviewed the impact of the Florida event on second-quarter earnings reports earlier this month. Everest Re was among those negatively impacted, with a preannounced net reserve charge …
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 …
The chief executive of Aspen Insurance Holdings Limited described business changes to Aspen’s Lloyd’s insurance book last week, while neither unequivocally confirming or denying rumors that a deal to sell the entire company is imminent. “We have a very good …
News that Lloyd’s is undergoing a strategic review of its operations may be part of a larger industrywide phenomenon—reality is setting in and underwriting pain is increasing, an industry executive said last week. Markel Corp. Co-Chief Executive Officer Richie Whitt …
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 confirmed on Friday, Feb. 16 that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company’s 2017 catastrophe losses. The move was made in response to CEO Chris O’Kane’s …
