Aspen Q3 CR improves to 92.7% as turnaround continuesAspen has continued its performance turnaround with a 17.3 percentage point year-on-year improvement in its combined ratio to 92.7 percent for the third quarter, while it continued to shrink its reinsurance business.
Aspen promotes Hart to international cyber headAspen Insurance Holdings has promoted Edward Hart to the role of international head of cyber.
Aspen hires Mardon as global head of property cat re and Bermuda CUOAspen Insurance Holdings has appointed Tim Mardon as global head of property cat reinsurance, as well as chief underwriting officer of Aspen Bermuda.
TransRe adds Aspen’s Mollinier as EMEA presidentTransRe has bolstered its European leadership team with the hire of Julien Mollinier as president of EMEA, with the experienced new recruit joining from Aspen.
Ki expands follow-form capacity with Travelers and Aspen partnershipsBrit’s follow-form syndicate Ki is set to receive additional follow capacity from Travelers and Aspen through its digital platform from 1 January 2024.
Aspen adds Owens to lead UK property for business and communityAspen Insurance Holdings has appointed Graeme Owens as head of UK business and community property.
Deloitte CEO Roundtable: Discussions ranged from an orderly 1.1 to dynamic capital strategies, market sentiment, energy transition and LOCsReinsurance market dynamics point to a more orderly renewal at 1.1.2024, but with a clear need for creative solutions that address coverage gaps from recent reductions in capacity, according to a panel of senior industry executives.
Core Specialty considering joining the ranks of specialty P&C IPOsIf Core Specialty decides later this year to go forward with a public listing – which could value the firm at more than $2bn – it will be another test of investor sentiment towards the group of start-ups and recapitalised companies that emerged in recent years to target hard market conditions.
Brit shows blueprint on how Apollo may exit $3.5bn+ AspenAspen’s successful turnaround under the leadership of Mark Cloutier has seen the company return to profitability and reposition itself – in Cloutier’s own words – as a “dynamic portfolio operator” poised to take advantage of a prolonged hard market.
Cloutier: Aspen Re commits to “pushing” for further rate during MC renewal talksAspen CEO Mark Cloutier has become one of the first reinsurance leaders attending the Monte Carlo Rendez-Vous to publicly insist on “pushing” for further rate ahead of the 1.1 renewals.
PRA’s Dyer named as Aspen UK chief risk officerAspen Insurance Holdings (Aspen) has appointed Prudential Regulation Authority (PRA) veteran Andrew Dyer as chief risk officer of Aspen UK.
Cloutier: Lower H1 GWP reflects focus on Aspen’s “sustainable profitability”Aspen has transitioned from a turnaround story to a “dynamic portfolio operator” focused on sustained profits rather than top-line growth, according to CEO Mark Cloutier.
Aspen H1 CR falls to 83.8% as performance improvement continuesAspen has continued its performance turnaround with a 4.4 percentage point improvement in its combined ratio to 83.8 percent for the first half of 2023.
Aspen adds Fidelis’ Garcia as global head of property re claimsAspen Insurance Group has appointed Liz Garcia as global head of property reinsurance claims, based in Bermuda.
A call for crisis evacuation: A reflection on the ongoing Sudan conflictAspen’s George Barker outlines how responsive crisis support, coupled with robust evacuation plans and rapid responses, are paramount to safety and survival during crisis events.
Aspen appoints Rastigue as VP of cyber risk managementAspen Insurance has appointed Mike Rastigue as vice president of cyber risk management.
Aspen hires AIG’s Tartaglia as insurance chief operations officerAspen Insurance Holdings Limited has appointed Robert Tartaglia to the newly created position of SVP, chief operations officer, insurance, with the new hire joining from AIG.
Aspen hires former Axa XL executive Welch as reinsurance CUOAspen has hired former Axa XL Re executive John Welch as chief underwriting officer for its reinsurance segment.
Aspen shuffles APAC team with Chuan head of Singapore and Morley relocating to LondonAspen has strengthened its presence in the Asia Pacific region with the appointment of Tay Boon Chuan as head of Singapore.
Aspen writes $1.1bn in Q1 GWP and reports 80.9% combined ratioAspen Insurance Holdings said Thursday that it wrote $1.1bn in gross written premiums (GWP) in the first quarter and generated an 80.9 percent combined ratio - without providing comparable prior-period numbers - a disclosure that is likely aimed informing investors as the firm gears up for a potential sale.