HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) today announces
changes to the management of its Insurance segment. Effective July 1,
2012, Rupert Villers (co-CEO, Aspen Insurance) will assume a new
position as Chairman of Aspen Insurance and President of Aspen
International Insurance. Mario Vitale (co-CEO Aspen Insurance) will
become CEO of Aspen Insurance globally and remain President of Aspen US
Insurance.
Rupert Villers has agreed to extend his service with Aspen until the end
of 2014. He will serve as Chairman of Aspen Insurance, advising and
supporting the development and execution of Aspen Insurance’s business
strategy. He will also serve as President of International Insurance,
where he will support the development of strategy for Aspen’s
International Insurance business and continue to be responsible for the
day-to-day management of Aspen Insurance’s International underwriting
teams.
Mario Vitale will become CEO of Aspen Insurance. In this capacity he
will develop, establish and execute Aspen Insurance’s business strategy
and manage the day-to-day business of Aspen Insurance globally. He will
also continue to serve as President of US Insurance, managing Aspen
Insurance’s US underwriting teams and its US insurance operating
platform.
Commenting on the changes, Aspen’s CEO, Chris O’Kane said: “Since early
2011, Aspen Insurance has had considerable success in realizing its
strategic objectives under the combined leadership of Rupert Villers and
Mario Vitale. As a result of the changes, Aspen will continue to benefit
from Rupert Villers’ expertise and has put in place a firm foundation
for the future strategic leadership and direction of our Insurance
business under Mario Vitale.”
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
Tim Dickenson, Global Head
of Communications, Aspen
Tim.Dickenson@aspen.co
+44
20 7184 8034
or
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