Aspen Appoints Richard Thornton as Group Chief Operating Officer
December 16 2016 - 09:00AM
Business Wire
Aspen Insurance Holdings Limited (“Aspen” or the “Company”)
(NYSE:AHL) announced today that Richard Thornton has been appointed
to the newly created position of Group Chief Operating Officer.
Richard will undertake this new role in addition to his
responsibilities as Group Head of Strategy. He will relinquish his
current role as Group Chief Risk Officer.
Chris O’Kane, Group Chief Executive Officer, commented: “In this
new role, Richard will be responsible for leading our operational
strategy across our business segments, platforms and our corporate
functions. Richard will bring strategic vision, new ideas and
strong momentum to ensure that our operational activities are
developed further and are even more effectively aligned to support
our underwriting teams globally. I am delighted that we have
someone of Richard’s considerable ability and experience to take on
this important role.”
Richard joined Aspen as Group Head of Strategy in March 2014 and
was appointed Group Chief Risk Officer in September 2014. Aspen
will appoint a new Group Chief Risk Officer over the coming
months.
Prior to joining Aspen, Richard was a partner at Oliver Wyman,
leading the development of its general insurance business in the
United Kingdom and Europe. He worked on a wide variety of projects
spanning life and general insurance, ranging from retail to global
corporate and from strategy to operations, risk and finance.
Previously, Richard was an economist in the Bank of England’s
monetary analysis division.
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, 2015, Aspen reported $11.0 billion in total assets,
$4.9 billion in gross reserves, $3.4 billion in total shareholders'
equity and $3.0 billion in gross written premiums. Its operating
subsidiaries have been assigned a rating of "A" by Standard &
Poor's Financial Services LLC, an "A" ("Excellent") by A.M. Best
Company Inc. and an "A2" by Moody's Investor Service, Inc.
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 Aspen’s personnel. 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," "aim,"
"project," "anticipate," "seek," "will," "likely," "assume,"
"estimate," "may," "continue," "guidance," "objective," "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, 2015 filed with the U.S. Securities
and Exchange Commission on February 19, 2016. 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/20161216005292/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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