Aspen Reinsurance News

Aspen Re Names Axis Re’s Kreuzer Senior Managing Director for Americas

Scott Kreuzer has been appointed senior managing director, Americas, at Aspen Re, effective May 4, 2020. Kreuzer joins Aspen Re from Axis Reinsurance where he has served as senior vice president, head of Casualty North America, since August 2018. He …

Arch Re to Buy Aspen Re’s Global Credit and Surety Reinsurance Business

Arch Reinsurance, a subsidiary of Arch Capital Group Ltd., is acquiring Aspen Reinsurance’s global credit and surety reinsurance business after Aspen Re decided to exit the line. In addition to the renewal rights on the portfolio, Arch and Aspen have …

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, …

Aspen Estimates Tianjin Explosion to Cost $30 Million; Nat Cats Total $20 Million

Bermuda-based Aspen Insurance Holdings Limited estimates its Aspen Re subsidiary lost approximately $50 million from the August 12 explosion in the Port of Tianjin, China, and from natural catastrophes during the third quarter of 2015. Approximately $30 million of these …

Aspen Re Renews Special Purpose Insurer Silverton for 2015

Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited, announced that its Aspen Capital Markets division has renewed Silverton Re for 2015. Silverton Re is a Bermuda-domiciled special purpose insurer which was established in December 2013 to provide additional …

Aspen Re Forms Rock Re in U.S. for Facultative Brokered Property

Bermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited has formed Rock Re, a new dedicated brokered property facultative unit within its US operation. Rock Re “builds on Aspen Re’s existing direct property facultative offering in the United …

Aspen Re Taps Swiss Re Exec to Lead U.S. Business Development in Connecticut

Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited, appointed Tom Luning as head of U.S. regional business development.He will be based at Aspen Re America’s office in Connecticut and report to Mike Sowa, managing director of North America, …