Aspen Insurance News

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 …

McPhillips Named Head of U.S. Primary Casualty at Aspen

Aspen Insurance has appointed Sean McPhillips as senior vice president, head of U.S. Primary Casualty. Based in New York and reporting to David Cohen, president and chief underwriting officer, Aspen Insurance, McPhillips will lead the planning, strategy and execution of …

Brexit Would Create Extra Burden for Reinsurers, Caution CEOs

While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the European Union, the time and cost involved are unwelcome intrusions to the business, executives suggested here. Plan B might be …

Aspen Insurance Appoints International Head of Onshore Energy & Construction

Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Ltd., has announced the appointment of Erik Armellino as international head of Onshore Energy & Construction. Armellino has more than 20 years of experience managing a broad range of energy …

Aspen Appoints Global Leaders for Surety and Credit & Political Risk

Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Ltd., has announced the appointments of Mike Toppi as global head of Surety Risk and Paul Sanders as global head of Credit & Political Risk. These appointments are part of …

Aspen Announces New CEOs for Insurance & Reinsurance Units as Vitale Retires

Bermuda-based Aspen Insurance Holdings Ltd. has appointed new leaders for its insurance and reinsurance segments, in response to the announced retirement of CEO Mario Vitale. Stephen Postlewhite, previously chief executive officer of Aspen Reinsurance, has been appointed chief executive officer, …