Aspen

Joshua Brekenfeld will report directly to Aspen chairman and CEO Mark Cloutier.

Meredith Head will join the reinsurer in September after more than 10 years at TMR.

UK SME MGA Aspen Risk Management Limited will go into run-off, and account for the lion’s share of 140 job losses.

The insurer has appointed two new underwriters and a credit analyst.

Probable maximum loss figures fall to the lowest levels in at least six years.

As activist investor Voce Capital Management becomes the carrier’s fourth-largest shareholder, this publication explores what incentive the investor has to push for a sale.

Amie Watson is due to join the firm from Liberty Specialty Markets in May.

Jonathan Price takes the role following a management restructure at the UK arm of the Belgian insurer.

Aspen CEO Chris O’Kane and chairman Glyn Jones have now stepped down with immediate effect.

Certa Insurance Services is thought to be the first tax insurance-focused MGA in the London market.

A Lloyd’s excess of loss policy will make up the remainder of the MGA’s $500mn line size.

The Bermudian (re)insurer reported a combined ratio of 132.8 percent for the cat-heavy fourth quarter.