Global Underwriting Leader Brings Over 35 Years of Experience
HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen” or “the Company”)
(NYSE:AHL) is announcing today the appointment of David Cohen as
President and Chief Underwriting Officer of its insurance segment, Aspen
Insurance.
David was until recently President US and Global Casualty Chief
Underwriting Officer, at Liberty International Underwriters. He will be
a member of Aspen’s group executive team and report to Mario Vitale,
Chief Executive Officer of Aspen’s insurance segment.
As President, David will work with Mario to further develop and
implement the overall business strategy of Aspen Insurance, accelerating
the successful growth of the business. As Chief Underwriting Officer,
David will oversee segment business plans and pricing models, support
business development activity and act as a referral authority for
underwriting risks.
Chris O’Kane, Aspen’s Group Chief Executive Officer, said: “I am
delighted that David has joined Aspen Insurance. He is one of the
foremost specialty underwriting leaders with an outstanding track record
of building businesses and delivering consistent, cross-cycle returns.
He will be a valuable addition to our group executive team and will
strengthen even further our Insurance leadership.”
David Cohen commented: “I am very excited to be joining a dynamic and
successful Aspen Insurance team whose understanding of specialty
underwriting is part of the Company’s DNA. The scale of the opportunity
ahead for Aspen Insurance is significant and I look forward to working
with my new colleagues to make the most of that opportunity.”
Mario Vitale added: “The breadth of David’s underwriting and business
creation background, and in particular his substantial experience and
insights into specialty insurance markets, will be a great asset to us
as we deliver growth in our insurance book and develop further our
insurance footprint. The entire Insurance leadership team is very much
looking forward to working with David.”
NOTES TO EDITORS:
David Cohen has over 35 years of insurance industry experience,
most recently at Liberty International Underwriters (LIU). He has been
Global Casualty Chief Underwriting Officer at LIU since June 2001 and
was appointed to the additional role of President of LIU US in December
2006. Prior to this, he was President, Casualty Division, Great American
Insurance Company for five years and before that, he worked in the
Excess Casualty Division at The Home Insurance Company for 10 years. He
began his career at American International Group in 1980.
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
Australia, 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/20151103005896/en/
Aspen Insurance Holdings Limited
Investors
Mark
Jones, +1-646-289-4945
Senior Vice President, Investor Relations
Mark.P.Jones@aspen.co
or
Media
Karen
Green, +44-20-7184-8110
Office of the CEO
Karen.green@aspen.co
or
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Caroline Merrell or Jos Bieneman,
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or
North
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212-371 5999
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Source: Aspen Insurance Holdings Limited