Aspen
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Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene. -
He joins from R&Q Insurance Holdings, where he has been chief accounting officer.
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The business put up strong H1 numbers, and has named Christian Dunleavy group president.
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Coalition Re to offer active cyber reinsurance via two products supported by Aspen-led capacity.
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The reinsurance segment reported cat losses of $43.2mn versus $15.2mn in Q2 2023.
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The new leadership structure is designed to create more accountable executive roles responsive to Aspen’s strategy.
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The City grandee has experience on the Catlin, Convex and Miller boards.
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The carrier will reassess the market in the fourth quarter, or early in 2025.
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Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.
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The group-level CoR worsened 4.7-points in the quarter, coming in at 89.4%.
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Karlsson was previously head of credit and structured risks.
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The deal adds to Aspen’s existing support of the InsurTech in the UK and Canada.
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