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Aspen Set To Develop London-Based Aviation Account To Further Expand London Market Insurance Portfol
Aspen continues to develop a more balanced insurance / reinsurance portfolio with a high quality earnings stream by expanding its insurance underwriting. Under the leadership of Nick Bonnar, who is responsible for Aspen's London Market Specialty lines, Aspen's aviation team will join the recently recruited marine underwriting team, headed by liability specialist John Henderson.
Chief Executive, Chris O'Kane said:
"The move into aviation insurance is part of our strategy to grow our insurance business in complex technical lines and help balance our overall portfolio. Because of its excellent broker distribution network and strong infrastructure, London is the global center for large-risk aviation insurance. We are recruiting a team with a strong underwriting track record and a reputation for excellent levels of service that will match Aspen's philosophy."
About Aspen Insurance Holdings Limited
Aspen Insurance Holdings Limited (Aspen) 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 surplus lines insurance in the United States. Aspen's operations are conducted through its wholly owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited (Aspen Re), Aspen Insurance Limited (Aspen), Aspen Specialty Insurance Company (Aspen Specialty) and Aspen Re America Inc (Aspen Re America). Aspen's reinsurance segment consists of property reinsurance, casualty reinsurance and specialty reinsurance lines of business. Aspen's insurance segment consists of commercial property, commercial liability and U.S. surplus insurance lines of business. Aspen's principal existing shareholders include The Blackstone Group, Candover Partners Limited, Wellington Underwriting plc and Credit Suisse First Boston Private Equity.
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Investor Contacts:
Aspen Insurance Holdings Limited T +441-297-9382
Noah Fields, Head of Investor Relations
Julian Cusack, Chief Financial Officer
US Contacts:
The Abernathy MacGregor Group T +212-371-5999
Carina Thate
Jason Thompson
UK Contacts:
The Maitland Consultancy T +44 20 7379 5151
Emma Burdett
Brian Hudspith