Aspen
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The carrier is targeting an IPO valuation between $2.6bn and $2.9bn.
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The carrier is offering shares priced at $29-$31.
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The syndicate expects £5.8mn-£8.6mn in California wildfire claims.
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Changes in business mix towards specialty and improved reserve development offset higher Q4 cat losses.
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In October, this publication revealed that the carrier had resumed IPO preparations.
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Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene.
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He joins from R&Q Insurance Holdings, where he has been chief accounting officer.
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The business put up strong H1 numbers, and has named Christian Dunleavy group president.
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Coalition Re to offer active cyber reinsurance via two products supported by Aspen-led capacity.
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The reinsurance segment reported cat losses of $43.2mn versus $15.2mn in Q2 2023.
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The new leadership structure is designed to create more accountable executive roles responsive to Aspen’s strategy.
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The City grandee has experience on the Catlin, Convex and Miller boards.
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