Aspen
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Trium cyber is the first monoline cyber vehicle to be approved by Lloyd’s, and began writing business in January. -
Aspen’s global head of casualty and head of international reinsurance Beatrice Morley is set to relocate to London as of 1 August.
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The company did not provide prior-year period figures as it usually discloses its results on a semiannual basis.
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Mark Cloutier set out Aspen’s plans for top-line 2023 growth in the range of 10%, and a continued strategy of pursuing rate rather than exposure growth in property cat.
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The Bermudian carrier reported GWP of just over $4.3bn in 2022, a 10% increase on the year prior.
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The syndicate also reported an overall profit of £35.1mn for the year, up from a £34.3mn loss in 2021.
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David Altmaier previously served as the commissioner of insurance for the state of Florida, leading the office of insurance regulation for more than six years.
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The number of global, non-life run-off deals dropped to 48 over 2022, compared with 54 in 2021, according to a report from PwC.
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The former Canopius CEO will chair the company’s nominations and governance committees.
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Based in Bermuda, the executive will oversee the firm’s investments in technology and support its growth initiatives.
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Nick Acker joins from Arch Insurance group, where he spent 10 years, most recently as a vice president in its wholesale and distribution management team.
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The new carrier will be backed by Ariel Re owner Pelican Ventures and aims to write $50mn GWP in 2023.
