Aspen
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The new logo and slogan follow a year of progress in the carrier’s turnaround plan. -
She joins Axa XL executive Kelly Lyles and ex-Zurich Insurance exec Thomas Huerlimann.
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Aspen’s outwards reinsurance team now also joins the carrier’s capital markets unit.
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The ratings agency also affirms the carrier’s financial strength rating of A.
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The executive says the carrier made strides last year in its underwriting and is well positioned for growth.
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Catastrophe losses more than doubled to $360.8mn, which included $181.2mn of Covid-19 losses.
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The appointment reflects a diversification push at the carrier.
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Bermudian’s Lloyd’s platform to begin underwriting class by early 2021.
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The move caps 18 months of turnaround efforts at the Bermuda reinsurer.
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The former GL leader takes up a New York and Connecticut role.
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The carrier showed improvement in the underlying profitability of the carrier as the turnaround continues.
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The ratings agency has lowered the carrier’s rating by a notch because of capital adequacy concerns.
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