HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) today announces
changes to the management of its reinsurance segment (Aspen Re).
Effective today, Brian Boornazian (CEO, Aspen Re) will assume the
position of Chairman of Aspen Re.James Few (President, Aspen Re)
will become CEO of Aspen Re.Emil Issavi will become CUO of Aspen
Re.
Aspen has made a number of management changes in its reinsurance
segment, which reinforces Aspen Re’s commitment to serving its clients
by combining its global product expertise with local deployment of
underwriting capabilities.
Brian Boornazian has been appointed as Chairman and Performance Director
of Aspen Re and CEO of North America for Aspen Re. In this role he will
oversee the development and execution of Aspen’s global reinsurance
business strategy and will also leverage his extensive market experience
and client knowledge to further enhance Aspen Re’s approach to client
service and relationship management globally. He will also be
responsible for managing business performance.
James Few, will become CEO of Aspen Re and will develop, establish and
execute Aspen Re’s global business strategy, with responsibility for its
successful implementation.
Emil Issavi has been appointed as Chief Underwriting Officer of Aspen
Re. In addition, Managing Directors have been appointed for Europe,
North America, Asia Pacific, Latin America, Middle East and Africa and
Global Accounts.
Commenting on the changes, Aspen’s CEO, Chris O’Kane said “Aspen Re has
grown to be an established market leader since our formation 10 years
ago. A cornerstone of our success has been a rigorous focus on our
clients and client service. Over this period, however, the reinsurance
market has continued to evolve with increased emphasis on business being
placed locally. The changes announced today reflect this trend and our
reinsurance business will be managed on an increasingly regionalized and
client facing basis.”
About Aspen Insurance Holdings Limited (“Aspen”)
Aspen provides reinsurance and insurance coverage to clients in various
domestic and global markets through wholly-owned subsidiaries and
offices in Bermuda, France, Germany, Ireland, Singapore, Switzerland,
the United Kingdom and the United States. For the year ended December
31, 2011, Aspen reported $9.5 billion in total assets, $4.5 billion in
gross reserves, $3.2 billion in shareholders’ equity and $2.2 billion in
gross written premiums. Its operating subsidiaries have been assigned a
rating of “A” (“Strong”) by Standard & Poor’s (“S&P”), an “A”
(“Excellent”) by A.M. Best and an “A2” (“Good”) by Moody’s Investors
Service (“Moody’s”).
For further information
Please visit www.aspen.co
or contact:
Investors
Kerry Calaiaro, Senior Vice
President, Investor Relations, Aspen
Kerry.Calaiaro@aspen.co
+1
646 502 1076
or
Media
Europe and Asia – Citigate
Dewe Rogerson
Justin Griffiths
Justin.Griffiths@citigatedr.co.uk
+44
20 7638 9571
or
North America – Abernathy MacGregor
Allyson
Vento
amv@abmac.com
+1 212
371 5999
Source: Aspen Insurance Holdings Limited