CEO Chris O’Kane News

Aspen Promotes Issavi to Lead Its Reinsurance Business, Succeeding Lillelund

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’s Restructuring Continues – To Improve Results, Preserve Shareholder Value

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 …

As Underwriting Pain Increases, Insurers Pull Back from Underperforming Lines

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 …

Boornazian to Retire as Chairman of Aspen Re and CEO of Aspen Re, Americas

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 Ceases Underwriting Property Insurance from Bermuda Platform

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 …

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 Promotes Kirk to Group Chief Financial Officer

Bermuda-based Aspen Insurance Holdings Limited announced that Scott Kirk has been promoted to the position of Group Chief Financial Officer of the Company, effective immediately. His appointment is subject to receipt of customary regulatory approvals. Kirk succeeds John Worth, who …