Aspen Insurance Senior Management Transition
April 22 2015 - 05:00PM
Business Wire
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) is
announcing today a senior management transition in its insurance
segment, Aspen Insurance.
Rupert Villers, Chairman of Aspen Insurance and President of
Aspen International Insurance, has decided to step down from the
Company at the end of October 2015. He will remain President of
International Insurance until the end of July and will continue to
serve as Chairman of Aspen Insurance until his departure.
Rupert commented: “I am very pleased with everything that my
team and I have achieved during my tenure at Aspen Insurance. The
business is well positioned in a new and exciting stage of its
development and I wish Mario Vitale, our Insurance Chief Executive,
every success as it moves forward under his leadership. I am happy
to be leaving Aspen on an extended timetable as this will allow for
a smooth transition of the various aspects of my role.”
Chris O’Kane, Aspen’s Group Chief Executive Officer, said:
“Rupert has done an outstanding job in building our Insurance
franchise and driving forward our Insurance strategy. He has also
made a significant contribution to our executive management
capabilities and I would like to thank him sincerely for everything
that he has done for Aspen during his time with the Company.”
Mario Vitale, Chief Executive of Aspen Insurance, added: “I
would like to add my thanks to Rupert for his valuable advice and
wise counsel as we worked closely together to grow our Insurance
business over the last few years.”
Aspen also announced today that Ann Haugh will assume the role
of President of International Insurance at the end of July in
addition to her responsibilities as global Chief Operating Officer
of Aspen Insurance.
Mario Vitale commented: “Ann has made a significant contribution
since she joined Aspen Insurance almost 18 months ago and she is
ideally qualified to lead our International business. Her breadth
of experience and expertise will be invaluable as we take the
business forward to the next stage of its development.”
NOTES TO EDITORS:
Ann Haugh joined Aspen Insurance in November 2013, prior
to which she was the Group Chief of Staff for Zurich Insurance
Group in Switzerland where she had group responsibility for
strategy, human resources, marketing and communications. Before
this, Ann was Chief Executive Officer of Zurich's Global Corporate
business in the UK following a tenure as Chief Operating
Officer for Zurich's entire Global Corporate operation.
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, 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. 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.
For further
information:Please visit www.aspen.co or contact:For
Aspen Insurance Holdings LimitedInvestorsKerry Calaiaro,
+1-646-502-1076Senior Vice President, Investor Relations,
AspenKerry.Calaiaro@aspen.coorKathleen de Guzman,
+1-646-289-4912Vice President, Investor Relations,
Aspenkathleen.deguzman@aspen.coorMediaSteve Colton, +44 20
7184 8337Head of Communications,
AspenSteve.Colton@aspen.coorInternational – Citigate Dewe
RogersonCaroline Merrell, +44 20 7638
9571caroline.merrell@citigatedr.co.ukorJos Bieneman, +44 20 7638
9571jos.bieneman@citigatedr.co.ukorNorth America – Abernathy
MacGregorCarina Davidson, +1-212-371-5999ccd@abmac.comorAllyson
Vento, +1-212-371-5999amv@abmac.com
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