Lines of business

The pool was launched in July 2022 and is backed by a A$10bn government guarantee.

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

The lessor said the payment was in relation to eight aircraft formerly leased to Pobeda Airlines, the low-cost subsidiary of Aeroflot.

He joins from Allianz commercial where he currently holds the role of senior property underwriter.

The CEO was speaking on the back of the carrier’s Q3 results, where it confirmed it would be returning $169mn to investors by way of a $119mn special dividend and offering up to $50mn in buybacks.

Variations between the casualty and cat markets mean 2024 cat outcomes may be far less uniform than they were this year.

Sources previously told this publication there is up $15bn of exposure on-risk locally.

The report noted that, overall, marine insurance results appear to indicate growth, which Iumi welcomed after a prolonged period of negative returns.

The mood at the association’s annual meeting is vastly more congenial this year, but challenges remain, particularly around long-tail lines.

The carrier previously led a space consortium for 25 years and co-launched a Lloyd’s-backed space consortium with Hiscox MGA in 2019.

Patrick Bousfield is understood to have resigned from his current role as senior broker at Lockton Re Bermuda.

Stuart Williams, currently war practice leader, will become head of new business.