UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 20, 2015
ASPEN INSURANCE HOLDINGS LIMITED
(Exact name of registrant as specified in its charter)
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Bermuda | 001-31909 | Not Applicable |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
141 Front Street
Hamilton HM 19
Bermuda
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (441) 295-8201
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 5 - Corporate Governance and Management
Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 22, 2015, Aspen Insurance Holdings Limited (“Aspen”) issued a press release announcing that 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 as President of International Insurance until the end of July and will continue to serve as Chairman of Aspen Insurance until his departure.
Section 7 - Regulation FD
Item 7.01 - Regulation FD Disclosure
A copy of the press release issued by Aspen announcing the transition in Aspen Insurance’s senior management is attached hereto as Exhibit 99.1.
Section 9 - Financial Statements and Exhibits
Item 9.01 - Financial Statements and Exhibits
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(a) | The following exhibit is furnished under Item 7.01 as part of this report: |
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99.1 | Press Release of the Registrant dated April 22, 2015. |
The information furnished under Item 7.01 “Regulation FD Disclosure” shall not be deemed “filed” for purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | | ASPEN INSURANCE HOLDINGS LIMITED (Registrant) |
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Dated: April 22, 2015 | | | | By: | | /s/ Scott Kirk |
| | | | Name: | | Scott Kirk |
| | | | Title: | | Chief Financial Officer |
ASPEN INSURANCE SENIOR MANAGEMENT TRANSITION
HAMILTON, Bermuda - April 22, 2015 - 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.”
- ENDS -
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:
Investors
Kerry Calaiaro, Senior Vice President, Investor Relations, Aspen
Kerry.Calaiaro@aspen.co
+1 (646) 502 1076
Kathleen de Guzman, Vice President, Investor Relations, Aspen
kathleen.deguzman@aspen.co
+1 (646) 289 4912
Media
Steve Colton, Head of Communications, Aspen
Steve.Colton@aspen.co
+44 20 7184 8337
International - Citigate Dewe Rogerson North America - Abernathy MacGregor
Caroline Merrell or Jos Bieneman Carina Davidson or Allyson Vento
caroline.merrell@citigatedr.co.uk ccd@abmac.com
jos.bieneman@citigatedr.co.uk amv@abmac.com
+44 20 7638 9571 +1 (212) 371 5999
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