Aspen

The executive will join the business in early January, replacing Mike Cain.

The significant pre-emption is predominantly driven by the transfer of a reinsurance book from the carrier’s UK platform to Lloyd’s.

Kevin Chidwick, group CFO at Aspen Insurance Holdings, is to retire by year end and will be succeeded by Christopher Coleman.

“If we hit ’21, as I expect, based on most recent forecasts, and in ‘22 we get close to our plan, I think a possibility for this business would be a potential IPO in early ’23,” Cloutier told this publication on Tuesday.

The carrier has non-renewed around $800mn of business in the past 18 months.

Aspen said Mike Cain will still remain with the company through Q1 2022.

Aileen Mathieson, who will start on 15 November, will also join Aspen’s group executive committee.

Philip Hough leaves Singapore to focus on his role as global head of property, based in Zurich.

The industry veteran is credited with having built Arch’s well-respected mortgage credit business.

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The company is accused of “brazenly cheating” Andrew Kudera of his own money and of owed compensation, the lawsuit states.

The newcomer replaces Andrew Kudera, who was hired in January last year but has now left to pursue other opportunities.