Aspen

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

John Welch left his role as CEO of domestic markets at Axa XL Re last year in a leadership reshuffle.

Trium cyber is the first monoline cyber vehicle to be approved by Lloyd’s, and began writing business in January.

Aspen’s global head of casualty and head of international reinsurance Beatrice Morley is set to relocate to London as of 1 August.

The company did not provide prior-year period figures as it usually discloses its results on a semiannual basis.

Mark Cloutier set out Aspen’s plans for top-line 2023 growth in the range of 10%, and a continued strategy of pursuing rate rather than exposure growth in property cat.

The Bermudian carrier reported GWP of just over $4.3bn in 2022, a 10% increase on the year prior.

The syndicate also reported an overall profit of £35.1mn for the year, up from a £34.3mn loss in 2021.

David Altmaier previously served as the commissioner of insurance for the state of Florida, leading the office of insurance regulation for more than six years.

The number of global, non-life run-off deals dropped to 48 over 2022, compared with 54 in 2021, according to a report from PwC.

The former Canopius CEO will chair the company’s nominations and governance committees.

Based in Bermuda, the executive will oversee the firm’s investments in technology and support its growth initiatives.