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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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The carrier incurred claims from LA wildfires and flooding in Queensland. -
Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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The carrier’s estimated first event limit could increase 16%, to $1.35bn.
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In Partnership With AXISJoin us for a free webinar, 10:30 ET/ 15:30 BST on July 30, hosted by Insurance Insider and AXIS to explore how the insurance industry is adapting to these challenges.
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Podcasts
Behind the Headlines Podcast
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Listen in as BMS UK CEO Ian Gormley shares key takeaways from RIMS, changing dynamics in the property E&S market, and BMS expansion plans in 2024.
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Listen in as Inigo CEO Richard Watson and head of reinsurance Alice Kaye discuss the use of data and AI in underwriting, the possibilities of entering the casualty treaty market, and all options being on the table for future capital events.
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Listen in as Convex CEO Paul Brand discusses building and running a $4bn (re)insurer. Also in this episode, Insurance Insider's Rachel Dalton provides an update on Dubai flooding and reinsurance coverage in the Middle East.
From our other titles
From our other titles
From our other titles
From Insurance Insider US
Casualty and property dynamics in a ‘unique’ cycle: Westfield’s Kuhn
Jack Kuhn, President of Westfield Specialty, discusses the shifting market cycles and changing landscape at RISKWORLD 2025.
From Insurance Insider US
‘We are an organic growth story’: Alliant CEO
Alliant is celebrating its 100th anniversary this year, and is the ‘furthest thing from a serial acquirer,’ Greg Zimmer, CEO, Alliant, said at RISKWORLD 2025.
From Insurance Insider US
Commercial market ‘transitional’ not soft: Markel’s Houser
Uncertainty around political climate, weather and a possible recession is firming the market, said Wendy Houser, President, wholesale and specialty, Markel.
From Insurance Insider ILS
Cat bond investor supply still outweighs sponsor demand: Twelve Securis CEO
Private ILS would benefit from extension spreads to manage investor concerns, the CEO argued.
From Insurance Insider ILS
State Farm, Citizens and Twia mull mega-bond deals equal to ~$3bn
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
From Insurance Insider ILS
Casualty ILS market can double annually in next two years: MultiStrat CEO
Industry sources estimate the market to be around $3bn.
Insurance Insider US provides robust insights, sharp analysis and exclusive news on the London and global (re)insurance markets.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.