Aspen
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The market curtailed its projections as carriers failed to secure sought-after rate rises.
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The Bermudian lost six underwriters and a claims specialist last week.
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Ed Beckwith has held the role since August 2015.
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Richard Rudden, Tom Gaughan and Hannah Sutton have resigned from the insurer.
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MGM lawsuit against shooting victims asserts exemption under anti-terror act. -
Gary O’Sullivan, Matt Gough and Keith Bryant resigned from Aspen last week, this publication can reveal.
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While reinsurers are benefiting from low cats, pricing fundamentals remain weak.
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There were positive share price changes over the quarter from only 13 companies in the index.
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Argo and Blackstone have left the sale process in recent weeks, with Apollo the only known bidder.
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The Chris O'Kane-led insurer aims to reach a deal by the time Aspen reports results on 1 August.
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Final round bids are due on Friday in the thinly contested auction.
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The former chief executive is to become the firm's deputy global chief underwriting officer.
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