HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen”) (NYSE: AHL) today
announces that John Worth has been appointed as Group Chief Financial
Officer of the company, effective November 1, 2012.John Worth
previously served as Group Financial Controller of Barclays PLC. He will
be based in London, reporting directly to Chris O’Kane, Aspen’s Chief
Executive Officer, and join Aspen’s Group Executive Committee.
John Worth succeeds Julian Cusack, interim Aspen Group Chief Financial
Officer, who will resume his role as Chief Risk Officer of Aspen.
Stephen Postlewhite, who was serving as Acting Group Chief Risk Officer,
will similarly resume his previous role as Head of Risk. John’s
appointment remains subject to relevant regulatory approval.
Chris O’Kane, Chief Executive Officer said, “I am very pleased to
welcome John as Group Chief Financial Officer of Aspen. He is an
accomplished financial executive with over 25 years of experience in
financial services and accounting. John will be a valuable addition to
Aspen and brings significant expertise in banking and capital markets,
risk management and a broad understanding of insurance markets, as well
as experience in managing global teams and strong familiarity with
regulatory and reporting standards. I look forward to working closely
with John as we continue to build on Aspen’s diversified business
approach and position the Company to capitalize on an improving rating
environment in the commercial P&C markets.”
John most recently served as Group Financial Controller for Barclays
PLC. Before joining Barclays, and between 2006 and 2009, John was a
Partner in Banking and Capital Markets for Ernst & Young. From 2002 to
2006 he served in various leadership roles at Prudential UK, including
Chief Information Officer and Head of Risk and Compliance as well being
seconded to the UK’s Financial Services Authority. John previously
worked at Barclays Capital from 1997 to 2002, serving as Program
Director, Group Controls Review and prior to that Managing Director and
Global Head of Audit. He started his career at Price Waterhouse, where
he served in a number of global roles from 1984 to 1997.
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”).
Application of the Safe Harbor of the Private Securities Litigation
Reform Act of 1995
This press release contains written, and Aspen's officers may make
related oral, “forward-looking statements” within the meaning of the US
federal securities laws regarding its appointment of key personnel.
These statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that do not relate solely to
historical or current facts, and can be identified by the use of words
such as “expect,” “intend,” “plan,” “believe,” “project,” “anticipate,”
“seek,” “will,” “estimate,” “may,” “continue,” and similar expressions
of a future or forward-looking nature. All forward-looking statements
rely on a number of assumptions, estimates and data concerning future
results and events and are subject to a number of uncertainties and
other factors, many of which are outside Aspen’s control that could
cause actual results to differ materially from such statements,
including changes in market conditions and their impact on our business.
For a detailed description of uncertainties and other factors that could
impact the forward-looking statements in this release, please see the
“Risk Factors” section in Aspen’s Annual Report on Form 10-K for the
year ended December 31, 2011, filed with the US Securities and Exchange
Commission on February 28, 2012.
For further information
Please visit www.aspen.co
or contact:
Investors
Aspen
Kerry Calaiaro,
+1-646-502-1076
Senior Vice President, Investor Relations
Kerry.Calaiaro@aspen.co
or
Media
North
America
Abernathy MacGregor
Allyson Vento/Carina Davidson,
+1-212-371-5999
amv@abmac.com
or
Europe
and Asia
Citigate Dewe Rogerson
Justin Griffiths,
+44-20-7638-9571
Justin.Griffiths@citigatedr.co.uk
Source: Aspen Insurance Holdings Limited