HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance, the insurance segment of Aspen Insurance Holdings
Limited (NYSE:AHL), is announcing today a number of senior management
appointments.
Ann Haugh will be joining Aspen Insurance on November 11 as Global Chief
Underwriting Officer and Chief Operating Officer, a new position within
the Insurance business. Ann was until recently Group Chief of Staff for
Zurich in Switzerland and she has a wealth of experience in underwriting
and operations, both in the US and internationally. She was previously
Chief Executive Officer for Zurich’s Global Corporate business in the UK
and before that, Chief Operating Officer for Zurich’s entire Global
Corporate business. Prior to this, Ann had worked for Great American
Insurance Company as an Executive Liability underwriter, before moving
to broader roles at Zurich US, Arch and Zurich Group. Ann will be based
in London in this new role.
Rupert Villers, Chairman of Aspen Insurance, said: “Appointing a Global
CUO and COO provides a single focal point in terms of underwriting
oversight and the day-to-day management of operational issues across the
business. This new role adds to the strength of our Insurance management
team and will bring an even sharper focus to our global underwriting and
operational strategies.”
Mario Vitale, Chief Executive of Aspen Insurance, added: “This
appointment is consistent with our strategy of developing a more
integrated, global business. Ann has extensive underwriting and
operational experience and I am delighted to welcome her to the Aspen
Insurance team. We have worked well together previously and I look
forward to working with her in this new role.”
Separately, Aspen Insurance is bringing together its Property and
Casualty businesses by creating integrated Property and Casualty
sub-segments in both its International and US operations. Bob Patten,
currently Head of Global Excess Casualty, and Bob Rheel, Executive Vice
President, Customer, Distribution and Marketing (CDM) for US Insurance
have been appointed co-Heads of Aspen Insurance’s global P&C business
with Bob Patten as Head of International P&C and Bob Rheel as Head of US
P&C and Programs (in addition to his existing US CDM responsibilities).
Following Bob Rheel’s appointment to this new role, he and Jonny
Atkinson, Manager, Distribution & Business Development for International
Insurance will continue to co-ordinate broker communications for their
respective areas with Jonny having overarching responsibility for global
brokers.
Mario Vitale commented: “Moving to this structure will bring a
coordinated sector approach to P&C business both in the US and globally.
Bob Patten and Bob Rheel are ideally qualified to lead our ambitions in
this important market segment.”
NOTES TO EDITORS:
About Aspen Insurance
Aspen Insurance is a business segment of Aspen Insurance Holdings
Limited and provides property insurance, casualty insurance, marine,
energy and transportation insurance, financial and professional lines
insurance and programs business.
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, 2012, Aspen reported $10.3 billion in total assets, $4.8 billion in
gross reserves, $3.5 billion in shareholders’ equity, and $2.6 billion
in gross written premiums. Its operating subsidiaries have been assigned
a rating of “A” (“Strong”) by Standard & Poor’s, an “A” (“Excellent”) by
A.M. Best and an “A2” (“Good”) by Moody’s Investors Service.
Application of the Safe Harbor of the Private Securities Litigation
Reform Act of 1995
This press release contains "forward-looking" statements regarding
future results and events, including, without limitation, statements
regarding appointment of key personnel and achievement of its business
plans. 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,” “likely,”
“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. For a detailed description of
uncertainties and other factors that could impact the forward-looking
statements in this press release, please see the “Risk Factors” section
in Aspen’s Annual Report on Form 10-K for the year ended December 31,
2012, filed with the U.S. Securities and Exchange Commission on February
26, 2013. Aspen undertakes no obligation to update or revise publicly
any forward-looking statements, whether as a result of new information,
future events or otherwise.
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
Kathleen
de Guzman, +1 646-289-4912
Vice President, Investor Relations
kathleen.deguzman@aspen.co
or
Media
Aspen
Steve
Colton, +44 20 7184 8337
Global Head of Communications
Steve.Colton@aspen.co
or
International
– Citigate Dewe Rogerson
Caroline Merrell or Jos Bieneman, +44 20
7638 9571
caroline.merrell@citigatedr.co.uk
jos.bieneman@citigatedr.co.uk
or
North
America – Abernathy MacGregor
Carina Davidson, +1 212-371-5999
ccd@abmac.com
Source: Aspen Insurance