HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) is announcing
today a senior management transition in its insurance segment, Aspen
Insurance.
Rupert Villers, Chairman of Aspen Insurance and President of Aspen
International Insurance, has decided to step down from the Company at
the end of October 2015. He will remain President of International
Insurance until the end of July and will continue to serve as Chairman
of Aspen Insurance until his departure.
Rupert commented: “I am very pleased with everything that my team and I
have achieved during my tenure at Aspen Insurance. The business is well
positioned in a new and exciting stage of its development and I wish
Mario Vitale, our Insurance Chief Executive, every success as it moves
forward under his leadership. I am happy to be leaving Aspen on an
extended timetable as this will allow for a smooth transition of the
various aspects of my role.”
Chris O’Kane, Aspen’s Group Chief Executive Officer, said: “Rupert has
done an outstanding job in building our Insurance franchise and driving
forward our Insurance strategy. He has also made a significant
contribution to our executive management capabilities and I would like
to thank him sincerely for everything that he has done for Aspen during
his time with the Company.”
Mario Vitale, Chief Executive of Aspen Insurance, added: “I would like
to add my thanks to Rupert for his valuable advice and wise counsel as
we worked closely together to grow our Insurance business over the last
few years.”
Aspen also announced today that Ann Haugh will assume the role of
President of International Insurance at the end of July in addition to
her responsibilities as global Chief Operating Officer of Aspen
Insurance.
Mario Vitale commented: “Ann has made a significant contribution since
she joined Aspen Insurance almost 18 months ago and she is ideally
qualified to lead our International business. Her breadth of experience
and expertise will be invaluable as we take the business forward to the
next stage of its development.”
NOTES TO EDITORS:
Ann Haugh joined Aspen Insurance in November 2013, prior to which
she was the Group Chief of Staff for Zurich Insurance Group in
Switzerland where she had group responsibility for strategy, human
resources, marketing and communications. Before this, Ann was Chief
Executive Officer of Zurich's Global Corporate business in the
UK following a tenure as Chief Operating Officer for Zurich's entire
Global Corporate operation.
About Aspen Insurance Holdings Limited
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, 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.
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.
For further information:
Please
visit www.aspen.co
or contact:
For Aspen Insurance Holdings Limited
Investors
Kerry
Calaiaro, +1-646-502-1076
Senior Vice President, Investor
Relations, Aspen
Kerry.Calaiaro@aspen.co
or
Kathleen
de Guzman, +1-646-289-4912
Vice President, Investor Relations, Aspen
kathleen.deguzman@aspen.co
or
Media
Steve
Colton, +44 20 7184 8337
Head of Communications, Aspen
Steve.Colton@aspen.co
or
International
– Citigate Dewe Rogerson
Caroline Merrell, +44 20 7638 9571
caroline.merrell@citigatedr.co.uk
or
Jos
Bieneman, +44 20 7638 9571
jos.bieneman@citigatedr.co.uk
or
North
America – Abernathy MacGregor
Carina Davidson, +1-212-371-5999
ccd@abmac.com
or
Allyson
Vento, +1-212-371-5999
amv@abmac.com
Source: Aspen Insurance Holdings Limited