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ASPEN NAMES SCOTT KIRK CHIEF FINANCIAL OFFICER
Hamilton, Bermuda – 05 December, 2014 – Aspen Insurance Holdings Limited (“Aspen” or the “Company”; Ticker: NYSE:AHL; BSX: AHL.BH) announced today that Scott Kirk has been promoted to the position of Group Chief Financial Officer of the Company, effective immediately. His appointment is subject to receipt of customary regulatory approvals. Scott Kirk succeeds John Worth, who will be leaving Aspen.
Aspen’s Chief Executive Officer, Chris O’Kane, said: “I’m pleased to announce Scott’s promotion to the position of Group CFO. Over the course of the seven years that Scott has been at Aspen, he has proven to be a highly talented strategic thinker and key financial leader, both in his Group roles as Group Financial Controller and Group Head of Finance, and most recently as CFO of Aspen’s insurance business. As CFO of Aspen Insurance, he has played an integral role in a number of value-creating initiatives, including the successful growth of Aspen’s U.S. Insurance operation. We are excited that Scott is taking on this new role at Aspen.
“Aspen continues to perform well and we remain on track to achieve an operating return on equity comfortably in excess of 10% in 2014, assuming normal loss experience, as well as our longer-term outlook of operating return on equity of 11% in 2015 and between 11% and 12% in 2016 (1). Scott is a strong financial leader and will play a key role as we continue to execute on our strategic plan and build value for shareholders.”
Chris O’Kane added: “John Worth has made a valuable contribution to Aspen and in particular strengthened the operational side of our Finance function and enhanced our expense discipline. We would like to thank him for what he has done for Aspen and we wish him all the best in his future endeavors.”
Notes to Editors:
About Scott Kirk
Scott Kirk joined Aspen as the Group Financial Controller in 2007 and then assumed the role of Group Head of Finance in 2009, until becoming the CFO of Aspen's insurance business, Aspen Insurance, in 2011. Before joining Aspen, Scott spent seven years in senior finance positions in various insurance companies. He started his career as an auditor at KPMG, Brisbane, and is a member of the Institute of Chartered Accountants in both England and Wales and Australia.
About Aspen Insurance Holdings Limited
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, 2013, Aspen reported $10.2 billion in total assets, $4.7 billion in gross reserves, $3.3 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.
For further information:
Please visit www.aspen.co or contact:
Investors
Kerry Calaiaro, Senior Vice President, Investor Relations, Aspen
+1 (646) 502 1076
Kathleen de Guzman, Vice President, Investor Relations, Aspen
+1 (646) 289 4912
Media
Steve Colton, Head of Communications, Aspen Steve.Colton@aspen.co
+44 20 7184 8337
International – Citigate Dewe Rogerson
Caroline Merrell or Jos Bieneman caroline.merrell@citigatedr.co.uk or
+44 20 7638 9571
North America – Abernathy MacGregor
Carina Davidson or Allyson Vento ccd@abmac.com or amv@abmac.com
+1 (212) 371 5999