Aspen Announces David Cohen to Lead Its Insurance Segment
January 26 2018 - 9:16AM
Business Wire
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) announced
today that David Cohen, President and Chief Underwriting Officer of
Aspen Insurance, will lead the day-to-day management of the
Insurance business, reporting to Group Chief Executive Officer,
Chris O’Kane.
Chris O’Kane said: “David joined Aspen in November 2015. Since
his arrival, he has upgraded the underwriting talent in our
Insurance segment, is refocusing our underwriting book and is
positioning Aspen Insurance for success in the next stage of its
development. David is a strong and well-respected leader and I am
confident that as we move forward, he will drive improvements
across our Insurance business.”
Stephen Postlewhite, Chief Executive Officer of Aspen Insurance,
is leaving the business with immediate effect.
Chris O’Kane commented: “Steve has made a significant
contribution to Aspen over the last 15 years and I would like to
wish him all the best for the future.”
NOTES TO EDITORS:
About David Cohen
David Cohen joined Aspen Insurance in November 2015 as President
and Chief Underwriting Officer. He has over 35 years' industry
experience and, before joining Aspen, he was President (U.S.)
and Global Casualty Chief Underwriting Officer at Liberty
International Underwriters.
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/20180126005336/en/
Aspen Insurance Holdings LimitedInvestorsMark
Jones, +1-646-289-4945Senior Vice President, Investor Relations,
Aspenmark.p.jones@aspen.coorMediaSteve Colton,
+44-20-7184-8337Head of Group Communications,
AspenSteve.colton@aspen.co
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