Aspen Announces Departure of Head of Specialty and Head of Insurance
11 September 2006 - 10:50PM
PR Newswire (US)
HAMILTON, Bermuda, Sept. 11 /PRNewswire-FirstCall/ -- Aspen
Insurance Holdings Limited ("Aspen") (NYSE:AHL) (BSX:AHLBSX:BH)
announced today that Nick Bonnar, Head of Specialty, and Ian
Beaton, Head of Insurance, have resigned to take up new positions
in the industry. Ian Beaton will leave with immediate effect and it
is expected that Nick Bonnar will remain with the Company until the
expiration of his notice period in March 2007. A further
announcement regarding succession arrangements will be made in due
course. Chris O'Kane, Aspen's Chief Executive said: "One of the
founding principles of Aspen is the strength and depth of our
underwriting talent. Within our specialty lines and insurance
portfolios we have teams of talented underwriters, many of whom are
acknowledged leaders in their particular fields. As a result,
brokers and clients can continue to expect the same high levels of
service from Aspen. I would like to take this opportunity to thank
Nick and Ian for their contributions to the Company. We wish them
every success for the future." About Aspen Insurance Holdings
Limited Aspen Insurance Holdings Limited was established in June
2002. Aspen is a Bermudian holding company that provides property
and casualty reinsurance in the global market, property and
liability insurance principally in the United Kingdom and the
United States and specialty insurance and reinsurance consisting
mainly of marine and energy and aviation worldwide. Aspen's
operations are conducted through its wholly-owned subsidiaries
located in London, Bermuda and the United States: Aspen Insurance
UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance
Company. Aspen has four operating segments: property reinsurance,
casualty reinsurance, specialty insurance and reinsurance and
property and casualty insurance. Aspen's principal existing
founding shareholders include The Blackstone Group, Candover
Partners Limited and Credit Suisse First Boston Private Equity. For
more information about Aspen, please visit Aspen's website at
http://www.aspen.bm/. DATASOURCE: Aspen Insurance Holdings Limited
CONTACT: Aspen Investor contact, Noah Fields, +1-441-297-9382; or
North American Press Contacts - Mike Pascale, Eliza Johnson, both
of The Abernathy MacGregor Group, +1-212-371-5999; or European
Press Contacts - Brian Hudspith, Michelle Jeffery, both of
Maitland, +44-(0)20-7379-5151 Web site: http://www.aspen.bm/
Copyright