Aspen Insurance Holdings, a Bermuda-based insurer, has appointed Richard Thornton to the newly created position of group chief operating officer.
Thornton will undertake this new role in addition to his responsibilities as group head of strategy. He will step down from his current role as group chief risk officer.
“In this new role, Richard will be responsible for leading our operational strategy across our business segments, platforms and our corporate functions,” said Chris O’Kane, group CEO of Aspen.
“Richard will bring strategic vision, new ideas and strong momentum to ensure that our operational activities are developed further and are even more effectively aligned to support our underwriting teams globally. I am delighted that we have someone of Richard’s considerable ability and experience to take on this important role.”
Thornton joined Aspen as group head of strategy in March 2014 and was appointed group chief risk officer in September 2014. Aspen said that it will appoint a new group chief risk officer over the coming months.
Prior to joining Aspen, Thornton was a partner at Oliver Wyman, leading the development of its general insurance business in the UK and Europe. He worked on a wide variety of projects spanning life and general insurance, ranging from retail to global corporate and from strategy to operations, risk and finance.
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