Aspen shuffles senior leadership as Bermuda CEO steps down

15-05-2019

Aspen Insurance Holdings has shuffled its executive leadership team as part of a revised operational strategy under Apollo Global Management’s ownership, which includes the appointment of Christian Dunleavy as CEO of Aspen Bermuda.

Dunleavy, in addition to serving as managing director of Aspen Re and chief underwriting officer, assumes the role of Aspen Bermuda CEO from Kate Vacher, who is leaving the company to pursue personal interests.

Other executives leaving Aspen include David Schick, former group chief operating officer, and Donald Harrell, former head of international insurance and global head of marine, who are both leaving to pursue opportunities elsewhere.

Mike Cain, previously group general counsel, has been appointed group COO. He will remain CEO of Aspen UK for a transition period, subject to regulatory approval.

Additionally, Tim Aman will assume lead responsibility for outward reinsurance/Retro analysis, structuring and placement, along with his current role as group chief risk officer.

Marcus Foley, previously group head of capital management, has been appointed chief strategy officer, focused on developing and executing strategic corporate initiatives and performance analysis metrics and methods, and to the group executive committee.

Other members joining the company's group executive committee include group chief investment officer Bryan Astwood, group chief actuary Paul Frydas, and Silvia Martinez.

"As we continue our focus on operational improvement and strengthening Aspen’s competitive position, it is essential we have the right talent to execute on our strategy, serve brokers and customers and drive to enhance the long-term value of our business," said Mark Cloutier, executive chairman and group CEO of Aspen.

Cloutier continued: "I am confident the leadership team, including the new members we are announcing today, is well equipped to meet the challenge of leading Aspen through its next chapter of change and profitable growth."

Aspen, Apollo, Appointment, Bermuda

Bermuda Re