HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) is announcing
today two senior management appointments in its insurance segment, Aspen
Insurance.
Bob Rheel has been appointed President of Aspen U.S. Insurance with
effect from August 1, 2015, reporting to Mario Vitale, Chief Executive
Officer of Aspen Insurance. Bob currently serves as Head of U.S.
Property & Casualty Insurance and Programs and in a broker distribution
leadership role.
Chris O’Kane, Aspen’s Group Chief Executive Officer, said: “Bob has
played a pivotal role in the build-out of our U.S. platform and I am
delighted that he has agreed to head up our U.S. Insurance business. He
is a proven leader and his considerable industry experience and
expertise will be invaluable as we take the business forward to the next
stage of its continued profitable growth.”
Mario Vitale added: “Bob has made a significant contribution in the four
years he has been with Aspen and he is ideally qualified to lead our
U.S. Insurance business.”
Cliff Hope, EVP Chief Property Insurance Underwriter, has been appointed
Head of U.S. Property & Casualty Insurance in addition to his existing
responsibilities. His appointment is also effective from August 1st
and he will report to Bob Rheel in this expanded role.
Mario Vitale commented: “During the seven years Cliff has been with
Aspen Insurance, he has proven himself to be an outstanding technical
underwriting leader with extensive market knowledge and he is very well
qualified to head up our U.S. Property & Casualty Insurance business
lines.”
NOTES TO EDITORS:
Bob Rheel has over 30 years of insurance industry experience and
joined Aspen Insurance in 2011. Prior to this, he was the head of
distribution and regional management at Zurich Financial Services and
before that, the CEO of Eagle Star Insurance, Ireland. He began his
career at Cigna Insurance in 1981 before moving on to senior roles with
Fireman’s Fund Insurance Company and American International Group.
Cliff Hopehas over 25 years of insurance industry experience and
has held a wide variety of underwriting and leadership positions during
his career. He started in the industry in 1989 with the Kemper National
Insurance Companies and moved into property underwriting in 1992 since
when he has held roles with Fireman’s Fund Insurance Company and Allianz
before joining Aspen Insurance in 2008.
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in various
domestic and global markets through its subsidiaries and offices in
Bermuda, France, Germany, Ireland, Singapore, Switzerland, the United
Kingdom and the United States. For the year ended December 31, 2014,
Aspen reported $10.7 billion in total assets, $4.8 billion in gross
reserves, $3.4 billion in total shareholders’ equity and $2.9 billion in
gross written premiums. Its operating subsidiaries have been assigned a
rating of “A” (“Strong”) by Standard & Poor’s Financial Services, an “A”
(“Excellent”) by A.M. Best Company Inc. and an “A2” (“Good”) by Moody’s
Investor Service, Inc.
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 its personnel and achievement of Aspen’s strategies and
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,” “do not believe,” “aim,” “project,” “anticipate,” “seek,”
“will,” “likely,” “assume,” “estimate,” “may,” “continue,” “guidance,”
“objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,”
“target” 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,
2014 filed with the U.S. Securities and Exchange Commission on February
23, 2015. Aspen undertakes no obligation to update or revise publicly
any forward-looking statements, whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150603005785/en/
Please visit www.aspen.co
or contact:
Investors
Aspen
Kathleen de Guzman,
+1-646-289 4912
Senior Vice President, Investor Relations
kathleen.deguzman@aspen.co
or
Aspen
Mark
Jones, +1-646-289-4945
Vice President, Investor Relations
mark.p.jones@aspen.co
or
Media
Aspen
Steve
Colton, +44 20 7184 8337
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 or Allyson Vento,
+1-212-371-5999
ccd@abmac.com
amv@abmac.com
Source: Aspen Insurance Holdings Limited