Aspen Insurance Senior Management Appointments
June 03 2015 - 9:00AM
Business Wire
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) is
announcing today two senior management appointments in its
insurance segment, Aspen Insurance.
Bob Rheel has been appointed President of Aspen U.S. Insurance
with effect from August 1, 2015, reporting to Mario Vitale, Chief
Executive Officer of Aspen Insurance. Bob currently serves as Head
of U.S. Property & Casualty Insurance and Programs and in a
broker distribution leadership role.
Chris O’Kane, Aspen’s Group Chief Executive Officer, said: “Bob
has played a pivotal role in the build-out of our U.S. platform and
I am delighted that he has agreed to head up our U.S. Insurance
business. He is a proven leader and his considerable industry
experience and expertise will be invaluable as we take the business
forward to the next stage of its continued profitable growth.”
Mario Vitale added: “Bob has made a significant contribution in
the four years he has been with Aspen and he is ideally
qualified to lead our U.S. Insurance business.”
Cliff Hope, EVP Chief Property Insurance Underwriter, has been
appointed Head of U.S. Property & Casualty Insurance in
addition to his existing responsibilities. His appointment is also
effective from August 1st and he will report to Bob Rheel in this
expanded role.
Mario Vitale commented: “During the seven years Cliff has been
with Aspen Insurance, he has proven himself to be an outstanding
technical underwriting leader with extensive market knowledge and
he is very well qualified to head up our U.S. Property &
Casualty Insurance business lines.”
NOTES TO EDITORS:
Bob Rheel has over 30 years of insurance industry
experience and joined Aspen Insurance in 2011. Prior to this, he
was the head of distribution and regional management at Zurich
Financial Services and before that, the CEO of Eagle Star
Insurance, Ireland. He began his career at Cigna Insurance in 1981
before moving on to senior roles with Fireman’s Fund Insurance
Company and American International Group.
Cliff Hope has over 25 years of insurance industry
experience and has held a wide variety of underwriting and
leadership positions during his career. He started in the industry
in 1989 with the Kemper National Insurance Companies and moved into
property underwriting in 1992 since when he has held roles with
Fireman’s Fund Insurance Company and Allianz before joining Aspen
Insurance in 2008.
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in
various domestic and global markets through its subsidiaries and
offices in Bermuda, France, Germany, Ireland, Singapore,
Switzerland, the United Kingdom and the United States. For the year
ended December 31, 2014, Aspen reported $10.7 billion in total
assets, $4.8 billion in gross reserves, $3.4 billion in total
shareholders’ equity and $2.9 billion in gross written premiums.
Its operating subsidiaries have been assigned a rating of “A”
(“Strong”) by Standard & Poor’s Financial Services, an “A”
(“Excellent”) by A.M. Best Company Inc. and an “A2” (“Good”) 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 its personnel and achievement of Aspen’s
strategies and 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,” “do not believe,” “aim,” “project,”
“anticipate,” “seek,” “will,” “likely,” “assume,” “estimate,”
“may,” “continue,” “guidance,” “objective,” “outlook,” “trends,”
“future,” “could,” “would,” “should,” “target” 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, 2014 filed with the U.S. Securities
and Exchange Commission on February 23, 2015. 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/20150603005785/en/
Please visit www.aspen.co or
contact:InvestorsAspenKathleen de Guzman, +1-646-289
4912Senior Vice President, Investor
Relationskathleen.deguzman@aspen.coorAspenMark Jones,
+1-646-289-4945Vice President, Investor
Relationsmark.p.jones@aspen.coorMediaAspenSteve Colton, +44
20 7184 8337Head of
CommunicationsSteve.Colton@aspen.coorInternational – Citigate Dewe
RogersonCaroline Merrell or Jos Bieneman, +44 20 7638
9571caroline.merrell@citigatedr.co.ukjos.bieneman@citigatedr.co.ukorNorth
America – Abernathy MacGregorCarina Davidson or Allyson Vento,
+1-212-371-5999ccd@abmac.comamv@abmac.com
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