Aspen Insurance UK News

Aspen Names Hiscox’s Rai as Head of Claims for Aspen Ins. UK, Aspen Managing Agency

Aspen Insurance Holdings Ltd. has appointed Tony Rai as head of claims for Aspen Insurance UK (AIUK) and Aspen Managing Agency Ltd. (AMAL). Rai will join Aspen in early 2021 from Hiscox, where he has been head of London market …

Edwards Named CEO of Aspen Insurance UK and Aspen Managing Agency

Aspen Insurance Holdings Ltd. announced that Clive Edwards has been appointed chief executive officer of Aspen Insurance UK Ltd. (AIUK) and Aspen Managing Agency Ltd. (AMAL), subject to regulatory approval. Edwards succeeds Mike Cain who, as previously announced, has been …

Aspen to Place UK MGA in Runoff, Closes Dublin Office and Makes Executive Changes

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 …

Group of UK Insurers Win BOE Approval for Solvency II Capital Requirements

Prudential Plc, Aviva Plc and Legal & General Group Plc are among large U.K. insurers to win Bank of England approval of the models they use to calculate capital requirements under the European Union law known as Solvency II. The …

A.M. Best Revises Outlook to Positive for Aspen and Its Subsidiaries

A.M. Besthas revised the outlook for the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength rating (FSR) of “A” (Excellent) and the ICRs of “a” of Aspen Insurance UK Ltd., Aspen Bermuda Ltd., Aspen American …