Aspen
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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. -
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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The executive will help lead a global team of almost 20 and also work with the carrier’s pre-incident services team.
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The InsurTech also raised $37mn in a funding round led by Founders Fund.
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Henry MacHale and Jamie Lewis become co-CUOs of the UK entity.
