Aspen announces new head of reinsurance

Aspen Insurance Holdings has announced that Emil Issavi, president and chief underwriting officer of Aspen Re, has been appointed to lead its reinsurance business with immediate effect.

Issavi succeeds Thomas Lillelund who is leaving Aspen to take a senior leadership position with an unnamed global P&C insurance company. Aspen said that Lillelund is expected to remain with the company for an undisclosed period of time to ensure a smooth transition.

“We are delighted to name Emil as our new leader for Aspen Re,” said Chris O’Kane, Aspen’s group chief executive officer (CEO). “His appointment recognises the deep knowledge and insights that he brings to the role with over 20 years in the reinsurance business, including 12 years at Aspen. As a highly-respected leader, Emil’s appointment will provide continuity and is testament to the significant strength-in-depth that we have across our leadership team at Aspen.

“I would like to express my sincere gratitude to Thomas Lillelund for his significant contribution to Aspen Re over the last 10 years, most recently as CEO of Aspen Re and before that as managing director of our Asia Pacific business. We wish him every success in the future.”

“I am honoured to have been appointed to lead Aspen Re,” said Issavi. “The business is a highly respected player in our chosen markets, we have an outstanding team of people and we are well positioned to sustain the long-standing success of the business moving forward.”