Aspen (NYSE: AHL) today announces changes to its leadership,
effective August 1, 2024, to create stronger, more accountable
executive roles that are more responsive to the current priorities
of Aspen.
Under the new structure, and reporting to Mark Cloutier,
Christian Dunleavy has been appointed Group
President, and will also serve as CEO, Aspen Bermuda Limited.
In his expanded responsibilities, Christian will be responsible for
the group’s underwriting strategy, claims and business development.
Christian has over 25 years’ experience in (re)insurance, and
joined Aspen in 2015 as Global Head of Property Cat Reinsurance,
before being promoted to Group Chief Underwriting Officer in
2022.
Mark Pickering has been appointed Group Chief
Financial Officer & Treasurer. Mark has over 20 years of
experience in the (re)insurance industry, having joined Aspen in
September 2015 as Group Treasurer, before being appointed Group
Chief Capital Management Officer in 2021 and Chief Executive
Officer of Aspen Bermuda Limited in 2022, stepping down as CEO of
Aspen Bermuda upon assuming the Group CFO position.
Mark takes over from Chris Coleman, who will be leaving
the business at the end of the month. Chris has been instrumental
in Aspen’s turnaround and leading the finance team through a period
of transformation.
As part of a broader restructure of Aspen’s leadership team,
Rob Houghton, Group Chief Operating Officer, will have
increased oversight over the operations functions, including
bringing together Outwards Reinsurance Accounting and Outwards
Reinsurance Operations, and Mo Kang assumes expanded
responsibilities as Group Chief Corporate Affairs and People
Officer.
Mark Cloutier, Executive Chairman and Group Chief Executive
Officer, said: “Today’s appointments create a strengthened,
more defined leadership team for Aspen as we plan for the future
and continue to seek further opportunities to achieve continued
profitable growth. Christian, Mark, Rob and Mo are extremely well
placed to lead Aspen’s largest functions and, alongside the rest of
the Group Executive Committee, continue to drive for improved
collaboration and efficiency.
“I thank Chris for his contributions to Aspen as Chief Financial
Officer over the past two and a half years and wish him every
success in the future.
“The changes we have made today are a reflection of the fact
that Aspen is now at a different point of its journey, with
different priorities, and I’m confident this is the right structure
and team to lead the business to continued success well into the
future.”
See Aspen’s leadership team
About Aspen Insurance Holdings Limited
Aspen provides insurance and reinsurance coverage to clients in
various domestic and global markets through wholly-owned operating
subsidiaries in Bermuda, the United States and the United Kingdom,
as well as its branch operations in Canada, Singapore and
Switzerland. For the year ended December 31, 2023, Aspen reported
$15.2 billion in total assets, $7.8 billion in gross loss reserves,
$2.9 billion in total shareholders’ equity and $4.0 billion in
gross written premiums. Aspen's operating subsidiaries have been
assigned a rating of “A-” by Standard & Poor’s Financial
Services LLC and an “A” (“Excellent”) by A.M. Best Company Inc. For
more information about Aspen, please visit www.aspen.co.
Cautionary Statement Regarding Forward-Looking
Statements:
This communication or any other written or oral statements made
by or on behalf of the Company may contain written “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, that are made pursuant to the “safe harbor”
provisions of The Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that do not
relate solely to historical or current facts. In particular,
statements using the words such as “expect,” “intend,” “plan,”
“believe,” “aim,” “project,” “anticipate,” “seek,” “will,”
“likely,” “assume,” “estimate,” “may,” “continue,” “guidance,”
“objective,” “outlook,” “trends,” “future,” “could,” “would,”
“should,” “target,” “predict,” “potential,” “on track” or their
negatives or variations and similar terminology and words of
similar import generally involve forward-looking statements. All
forward-looking statements rely on a number of assumptions,
estimates and data concerning future results and events and that
are subject to a number of uncertainties, assumptions and other
factors, many of which are outside Aspen’s control that could cause
actual results to differ materially from such forward-looking
statements. Accordingly, there are important factors that could
cause our actual results to differ materially from those
anticipated in the forward-looking statements, including, but not
limited to, our exposure to weather-related natural disasters and
other catastrophes, the direct and indirect impact of global
climate change, our relationship with, and reliance upon, a limited
number of brokers for both our insurance and reinsurance business,
the impact of inflation, our exposure to credit, currency, interest
and others risks within our investment portfolio, the cyclical
nature of the insurance and reinsurance industry and many other
factors. For a detailed description of these uncertainties and
other factors that could impact the forward-looking statements in
this press release and other communications issued by or on behalf
of Aspen, please see the “Risk Factors” section in Aspen’s Annual
Report on Form 20-F for the twelve months ended December 31, 2023,
as filed with the SEC, which should be deemed incorporated herein.
The inclusion of forward-looking statements in this press release
or any other communication should not be considered as a
representation by Aspen that current plans or expectations will be
achieved. Aspen undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240729090634/en/
Media Yasmin Saleh Head of Communications
Yasmin.Saleh@aspen.co +44 (0)7800 694 312
Tom Blackwell FTI Consulting tom.blackwell@fticonsulting.com +44
(0)7747 113 919
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