Aspen

The executive will help lead a global team of almost 20 and also work with the carrier’s pre-incident services team.

The InsurTech also raised $37mn in a funding round led by Founders Fund.

Henry MacHale and Jamie Lewis become co-CUOs of the UK entity.

The executive will also become global product head for specialty reinsurance.

The move is likely to be interpreted as succession planning for current CEO Cloutier.

The Mark Cloutier-led carrier reported improvement in its underlying underwriting result.

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.