Aspen Appoints Nathan Warde President of U.S. Insurance Business
28 April 2007 - 2:52AM
Business Wire
Aspen Insurance Holdings Limited (the �Company�) (NYSE:AHL) today
announced that Nathan Warde has joined as President of Aspen
Insurance U.S., with immediate effect. In this newly formed role,
Nathan reports directly to Chris O�Kane, Aspen�s Chief Executive
Officer, and is responsible for leading the Company�s insurance
operations in the United States and the strategic development of
Aspen�s Excess and Surplus lines (�E&S�) business. Nathan Warde
joins Aspen from Arch Capital Group Ltd. where he was Executive
Vice President, Worldwide Property, with responsibility for the
entire property product including Arch's�E&S operations and
Global Property operations in the USA and Europe. He has over 20
years of property and casualty insurance experience. �I am
extremely pleased that Nathan has joined our team,� said Chris
O�Kane, Chief Executive Officer of Aspen. �He has a strong
track-record in E&S underwriting and brings significant
expertise to our U.S. insurance operations. I believe that under
his leadership we will be able to take our E&S business into
its next phase of development and benefit from what I see as
excellent opportunities in this market. I look forward to working
closely with Nathan to leverage our strategic platform in the U.S.
and support the growth of our insurance business in this key
geography.� Nathan Warde said, �I have the highest regard for Chris
and the Aspen team and look forward to leading the U.S. Insurance
focus for the Company. This is an exciting opportunity which I
welcome.� Prior to joining Arch in 2002, Nathan Warde worked with
Royal Specialty Underwriting, Inc. (RSUI) where he opened a branch
office in 1992 and was team leader of an underwriting unit writing
in excess of $160 million in premium. Prior to RSUI, Nathan held
positions at NRG America and Hartford Insurance Group. He is a
Chartered Property Casualty Underwriter (CPCU) and holds the
following designations: Associate in Reinsurance (ARe), Associate
in Loss Control Management (ALCM), Associate in Marine Insurance
Management (AMIM), Associate in Risk Management (ARM) and
Certificate in General Insurance. Mr. Warde holds a Bachelor of
Arts degree from the University of California with majors in
Economics and Political Science. About Aspen Insurance Holdings
Limited Aspen is a Bermudian holding company providing 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. For more information about Aspen, please visit the
Company�s website at www.aspen.bm. Application of the Safe Harbor
of the Private Securities Litigation Reform Act of 1995 This press
release contains written, and Aspen's officers may make related
oral, "forward-looking statements" within the meaning of the U.S.
federal securities laws regarding the appointment of new hires and
the direction and growth of the Company. These statements 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, and can be identified by the use of words such as "expect,"
"intend," "plan," "believe," "project," "anticipate," "seek,"
"will," "estimate," "may," "continue," 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 release, please see the "Risk Factors" section in Aspen's
Annual Report on Form 10-K for the year ended December 31, 2006,
filed with the U.S. Securities and Exchange Commission on February
22, 2007.
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