Aspen Appoints Rupert Villers to Lead Combined Financial and Professional Lines Insurance Business Segment
March 16 2009 - 9:45AM
Business Wire
Aspen Insurance Holdings Limited (�Aspen�) (NYSE: AHL) today
announced that it has appointed Rupert Villers, effective April 27,
2009 as head of its newly combined Financial and Professional Lines
Insurance business segment. Mr. Villers will be based in London and
will report directly to Aspen�s Chief Executive Officer Chris
O�Kane. In conjunction with Mr. Villers� appointment, Aspen has
combined its Financial Institutions, Professional Lines, and
Management and Technology Liability Insurance underwriting units
into a new business segment to harness the Company�s expertise and
capture growth opportunities in those lines.
Mr. O�Kane commented: �We are delighted to welcome Rupert to
Aspen. He is an outstanding insurance executive who brings to Aspen
deep and broad experience in the insurance industry managing
financial and professional lines and we are confident we can
benefit from his expertise.�
Mr. O�Kane continued: �Insurance is becoming a larger part of
Aspen�s overall business and we are well-positioned to benefit from
the improved market environment we anticipate both this year and in
2010. Considerable growth opportunities exist throughout insurance,
particularly in lines such as financial and professional, marine
and energy liability and excess casualty, aviation and other
specialty lines, where prices are stabilizing and in many instances
hardening. Our appointment of Rupert affirms our commitment to
attract top quality talent and to pursue disciplined growth where
we see the greatest opportunity.�
Rupert has held a number of positions in the insurance industry.
He co-founded SVB Holdings (subsequently renamed Novae Holdings),
and in his seventeen years there he was Chief Executive Officer for
11 years and underwriter of Syndicate 1007 for three. Under his
leadership, SVB grew its managed premium capacity from �77 million
to �474 million, established itself as a major insurer in the
London financial and professional lines market and successfully
listed on the London Stock Exchange. Most recently, he has been
Chairman of APJ Continuation Ltd, a company he co-founded in 2005,
whose major subsidiary, APJ (Asset Protection Jersey Limited)
writes a specialist book of kidnap and ransom insurance.
Mr. Villers said: �I am excited to be joining Aspen, a company
and management team I have long admired. I look forward to working
with Chris and my new colleagues and contributing to Aspen�s growth
in insurance.�
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in
various domestic and global markets through wholly-owned
subsidiaries and offices in Bermuda, France, Ireland, the United
States, the United Kingdom, and Switzerland. For the twelve months
ended December 31, 2008, Aspen reported gross written premiums of
$2.0 billion, net income of $103.8 million and total assets of $7.3
billion. For more information about Aspen, please visit
www.aspen.bm.
Application of the Safe Harbor of the Private Securities
Litigation Reform Act of 1995
This press release contains written, and Aspen's officers may
make related oral, "forward-looking statements" within the meaning
of the U.S. federal securities laws regarding its appointment of
key personnel and its ability to execute its business plan and grow
certain lines. These statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements include all statements that do
not relate solely to historical or current facts, and can be
identified by the use of words such as "expect," "intend," "plan,"
"believe," "project," "anticipate," "seek," "will," "estimate,"
"may," "continue," and similar expressions of a future or
forward-looking nature.
All forward-looking statements rely on a number of assumptions,
estimates and data concerning future results and events and are
subject to a number of uncertainties and other factors, many of
which are outside Aspen's control that could cause actual results
to differ materially from such statements, including changes in
market conditions and their impact on our business. For a detailed
description of uncertainties and other factors that could impact
the forward-looking statements in this release, please see the
"Risk Factors" section in Aspen's Annual Report on Form 10-K for
the year ended December 31, 2008, filed with the U.S. Securities
and Exchange Commission on February 26, 2009.
Aspen Insurance (NYSE:AHL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Aspen Insurance (NYSE:AHL)
Historical Stock Chart
From Jul 2023 to Jul 2024
