Aspen
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Joint-third-ranked Cincinnati 318 and WRB Syndicate 1967 achieve significant underwriting turnarounds. -
Sources said the retreat of Liberty and Aspen from the class has made placements challenging for brokers
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The carrier has also appointed Kevin Chidwick as group CFO.
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The withdrawal marks the latest in a series of restructuring measures at the carrier since its takeover by Apollo.
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Aspen is the latest to pass the risk of unfavourable reserve development on to reinsurers.
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Stephen Postlewhite will succeed the executive as managing director.
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Market sources said the carrier was no longer accepting submissions across those classes of insurance.
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Crystal Ottaviano was previously chief risk officer at Swiss Re America.
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Richard Milner joins as senior managing director at Aspen Re International.
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Andrew Kudera was previously group chief actuary at Validus.
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Adam Casselman replaces Sam Whitnell, who is now construction director at Parker Norfolk.
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The firm also appointed Natalie Waller as a non-executive director for both the UK company and the managing agency.
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