Aspen appoints president and CUO of insurance

Bermuda-based Aspen Insurance has appointed David Cohen as president and chief underwriting officer (CUO) of its insurance segment, Aspen Insurance.

Cohen joins Aspen from Liberty International Underwriters where he was president, US and global casualty chief underwriting officer. He will be a member of Aspen’s group executive team and report to Mario Vitale, chief executive officer of Aspen’s insurance segment.

Cohen will work with Vitale to further develop and implement the overall business strategy of Aspen Insurance and help to grow the business. He will also oversee segment business plans and pricing models, support business development activity and act as a referral authority for underwriting risks.

Chris O’Kane, group chief executive officer, Aspen, said: “I am delighted that David has joined Aspen Insurance. He is one of the foremost specialty underwriting leaders with an outstanding track record of building businesses and delivering consistent, cross-cycle returns. He will be a valuable addition to our group executive team and will strengthen even further our insurance leadership.”

Cohen said: “I am very excited to be joining a dynamic and successful Aspen Insurance team whose understanding of specialty underwriting is part of the Company’s DNA. The scale of the opportunity ahead for Aspen Insurance is significant and I look forward to working with my new colleagues to make the most of that opportunity.”

Vitale added: “The breadth of David’s underwriting and business creation background, and in particular his substantial experience and insights into specialty insurance markets, will be a great asset to us as we deliver growth in our insurance book and develop further our insurance footprint. The entire insurance leadership team is very much looking forward to working with David.”