Aspen Appoints David Schick as Group Chief Operating Officer
December 06 2017 - 8:00AM
Business Wire
Aspen Insurance Holdings Limited (“Aspen” or the “Company”)
(NYSE:AHL) announced today that David Schick has been appointed
Group Chief Operating Officer.
David joins Aspen from Maybank where he was Executive Vice
President, Group Strategy and Transformation and Director of
Strategic Operational Excellence. At Maybank, he was responsible
for driving effectiveness and efficiency Group-wide, including
within the Insurance business. Prior to this, he was at Raiffeisen
Bank International where he led transformational efforts from both
a line and functional perspective. He has also worked at
organizations such as Citigroup and Mercer Consulting driving
transformation across multiple geographies, businesses and
industries.
Chris O’Kane, Group Chief Executive Officer, commented: “David
brings with him a wealth of business and strategic leadership as
well as extensive experience of large change and transformation
programs internationally. He will be responsible for leading our
operational strategy across the Group including the delivery of our
recently-launched effectiveness and efficiency program. We are
delighted to welcome him to Aspen and he will be a valuable
addition to our executive team.”
David replaces Richard Thornton who is leaving the business
after almost four years at Aspen.
Chris O’Kane added: “I would like to thank Richard for the
contribution he has made to the business during his time with us
and to wish him every success in the future.”
NOTES TO EDITORS:
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 Australia, Bermuda, Canada, France,
Germany, Ireland, Singapore, Switzerland, the United Arab Emirates,
the United Kingdom and the United States. For the year ended
December 31, 2016, Aspen reported $12.1 billion in total assets,
$5.3 billion in gross reserves, $3.6 billion in total shareholders’
equity and $3.1 billion in gross written premiums. Its operating
subsidiaries have been assigned a rating of “A” by Standard &
Poor’s Financial Services LLC (“S&P”), an “A” (“Excellent”) by
A.M. Best Company Inc. (“A.M. Best”) and an “A2” by Moody’s
Investors Service, Inc. (“Moody’s”).
Application of the Safe Harbor of the Private Securities
Litigation Reform Act of 1995
This press release may contain written “forward-looking
statements” within the meaning of the U.S. federal securities laws.
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,”
“do not believe,” “project,” “anticipate,” “seek,” “will,”
“estimate,” “may,” “likely,” “continue,” “assume,” “objective,”
“aim,” “guidance,” “outlook,” “trends,” “future,” “could,” “would,”
“should,” “target,” “on track” 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, 2016 and Quarterly Reports on Form
10-Q for the quarters ended March 31, 2017, June 30, 2017 and
September 30, 2017, each as filed with the U.S. Securities and
Exchange Commission. Aspen undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20171206005639/en/
InvestorsAspenMark Jones, +1-646-289-4945Senior Vice
President, Investor
Relationsmark.p.jones@aspen.coorMediaAspenSteve Colton, +44
20 7184 8337Head of Group CommunicationsSteve.colton@aspen.co
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