Aspen

Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said.

Edward Hart joined Aspen in February and has previously held roles at Brit and Barbican.

Tim Mardon will become CUO at Aspen Bermuda Limited and a member of Aspen Re’s leadership team.

Ki announced a new multi-year partnership with Aspen and Travelers this morning.

The company said Ki is the first algorithmic underwriter to offer capacity from multiple syndicates.

Bianconi joined Aspen in 2016 and has held a number of roles including, most recently, as head of US cyber.

The move to gear up for a listing follows a non-deal roadshow held over the summer.

Andrew Dyer joins from the Prudential Regulation Authority, where he has been head of the insurance supervision division for the past six years.

Insurance's GWP decline was driven by a couple of programs that were underperforming, while reinsurance's deceleration was driven by a deliberate slowdown in the mortgage book.

Net income increased to $219mn over the period, up from $48mn in the same period last year, while underwriting income increased by 33% to $208mn.

In her expanded role, she will work with trading partners to represent Aspen in the US for all business segments and build out existing distribution strategies.

The executive joins from Crum and Forster, with 20 years’ cyber experience.