HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited (AHL), is announcing today a number of senior management appointments.
Ann Haugh will be joining Aspen Insurance on November 11 as Global Chief Underwriting Officer and Chief Operating Officer, a new position within the Insurance business. Ann was until recently Group Chief of Staff for Zurich in Switzerland and she has a wealth of experience in underwriting and operations, both in the US and internationally. She was previously Chief Executive Officer for Zurich’s Global Corporate business in the UK and before that, Chief Operating Officer for Zurich’s entire Global Corporate business. Prior to this, Ann had worked for Great American Insurance Company as an Executive Liability underwriter, before moving to broader roles at Zurich US, Arch and Zurich Group. Ann will be based in London in this new role.
Rupert Villers, Chairman of Aspen Insurance, said: “Appointing a Global CUO and COO provides a single focal point in terms of underwriting oversight and the day-to-day management of operational issues across the business. This new role adds to the strength of our Insurance management team and will bring an even sharper focus to our global underwriting and operational strategies.”
Mario Vitale, Chief Executive of Aspen Insurance, added: “This appointment is consistent with our strategy of developing a more integrated, global business. Ann has extensive underwriting and operational experience and I am delighted to welcome her to the Aspen Insurance team. We have worked well together previously and I look forward to working with her in this new role.”
Separately, Aspen Insurance is bringing together its Property and Casualty businesses by creating integrated Property and Casualty sub-segments in both its International and US operations. Bob Patten, currently Head of Global Excess Casualty, and Bob Rheel, Executive Vice President, Customer, Distribution and Marketing (CDM) for US Insurance have been appointed co-Heads of Aspen Insurance’s global P&C business with Bob Patten as Head of International P&C and Bob Rheel as Head of US P&C and Programs (in addition to his existing US CDM responsibilities). Following Bob Rheel’s appointment to this new role, he and Jonny Atkinson, Manager, Distribution & Business Development for International Insurance will continue to co-ordinate broker communications for their respective areas with Jonny having overarching responsibility for global brokers.
Mario Vitale commented: “Moving to this structure will bring a coordinated sector approach to P&C business both in the US and globally. Bob Patten and Bob Rheel are ideally qualified to lead our ambitions in this important market segment.”
NOTES TO EDITORS:
About Aspen Insurance
Aspen Insurance is a business segment of Aspen Insurance Holdings Limited and provides property insurance, casualty insurance, marine, energy and transportation insurance, financial and professional lines insurance and programs business.
About Aspen Insurance Holdings Limited (“Aspen”)
Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France, Germany, Ireland, Singapore, Switzerland, the United Kingdom and the United States. For the year ended December 31, 2012, Aspen reported $10.3 billion in total assets, $4.8 billion in gross reserves, $3.5 billion in shareholders’ equity, and $2.6 billion in gross written premiums. Its operating subsidiaries have been assigned a rating of “A” (“Strong”) by Standard & Poor’s, an “A” (“Excellent”) by A.M. Best and an “A2” (“Good”) by Moody’s Investors Service.
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 appointment of key personnel and achievement of its 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,” “project,” “anticipate,” “seek,” “will,” “estimate,” “may,” “likely,” “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 press release, please see the “Risk Factors” section in Aspen’s Annual Report on Form 10-K for the year ended December 31, 2012, filed with the U.S. Securities and Exchange Commission on February 26, 2013. Aspen undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Please visit www.aspen.co or contact:
Kerry Calaiaro, +1 646-502-1076
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