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Latest Aspen News from Insurance Insider
Plus, the latest people moves and all the top news of the week.
The company’s upsized public offering priced at $30 per ordinary share.
The IPO was announced at the end of April, targeting ~$2.6bn-$2.9bn.
The specialty carrier is braving volatile macroeconomic conditions in a second effort to list.
We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
The carrier is targeting an IPO valuation between $2.6bn and $2.9bn.
The carrier is offering shares priced at $29-$31.
The syndicate expects £5.8mn-£8.6mn in California wildfire claims.
Changes in business mix towards specialty and improved reserve development offset higher Q4 cat losses.
In October, this publication revealed that the carrier had resumed IPO preparations.
Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene.
He joins from R&Q Insurance Holdings, where he has been chief accounting officer.
The business put up strong H1 numbers, and has named Christian Dunleavy group president.
Coalition Re to offer active cyber reinsurance via two products supported by Aspen-led capacity.
The reinsurance segment reported cat losses of $43.2mn versus $15.2mn in Q2 2023.
The new leadership structure is designed to create more accountable executive roles responsive to Aspen’s strategy.
The City grandee has experience on the Catlin, Convex and Miller boards.
The carrier will reassess the market in the fourth quarter, or early in 2025.
Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.
The group-level CoR worsened 4.7-points in the quarter, coming in at 89.4%.
Karlsson was previously head of credit and structured risks.
The deal adds to Aspen’s existing support of the InsurTech in the UK and Canada.
Dan Osman will take over as active underwriter for Syndicate 4711.
Putting together two “show me” stories risks investor skepticism.
It was announced earlier today that former Aspen UK CEO Richard Milner was set to join Chaucer as group CEO.
Competitor news
What Your Competitors are Reading
Financial news
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Hussey will take over the role left vacant when Luis Sonville moved to AJ Gallagher late last year. -
The headcount at the start-up now stands at around 40.
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The carrier has also added AIG’s Alice Hawkins to its aviation unit.
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Welcome to the first episode of Behind the Headlines, a fortnightly podcast hosted by Insurance Insider's senior reporter Sam Casey.
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Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.