Aspen Insurance CEO O’Kane Issues Statement That He Will Step Down in 2019

Article 0 Comments Chris O’Kane, group chief executive of Aspen Insurance Holdings, issued the following statement to employees that he will step down from his position when Apollo Global Management completes its purchase of Aspen in the first half of 2019. The statement was filed on Oct. 1 with the […]

Cloutier to Step Down as Brit’s Exec. Chairman, with Plans to Become CEO of Aspen

Article 0 Comments Brit Ltd. announced that Mark Cloutier will step down from his role as executive chairman of Brit in December 2018. Following his departure, Cloutier will take up a role with an affiliate of Apollo Global Management, LLC, working as a consultant with an immediate focus on the […]

UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report

Article 0 Comments In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit, according to a report published by A.M. Best. The ability to continue […]

Aspen Promotes Issavi to Lead Its Reinsurance Business, Succeeding Lillelund

Article 0 Comments Bermuda-based Aspen Insurance Holdings Ltd. announced that Emil Issavi, president and chief underwriting officer of Aspen Re, has been appointed to lead its reinsurance business with immediate effect. Issavi succeeds Thomas Lillelund who is leaving Aspen to become chief executive officer of Luxembourg-based AIG Europe. AIG Europe […]

Boornazian to Retire as Chairman of Aspen Re and CEO of Aspen Re, Americas

Article 0 Comments Aspen Insurance Holdings Ltd. announced that Brian Boornazian has decided to retire as chairman of its reinsurance segment, Aspen Re, and as chief executive officer of Aspen Re, Americas, with effect from the end of April. “I would like to thank Brian for his outstanding service to […]