Aspen U.S. Insurance Announces Additions to U.S. Surety Team
April 06 2011 - 9:00AM
Business Wire
Aspen U.S. Insurance is pleased to announce the addition of
James Mercier, Senior Vice President, Associate General Counsel and
Claims, Surety and Scott Sadowsky, CFA, Senior Vice President,
Finance & Operations, to Aspen Specialty’s U.S. Surety Team.
James and Scott will be based in Rocky Hill, Connecticut and will
report to Michael Toppi, Executive Vice President of Aspen U.S.
Insurance.
Mr. Toppi commented, “The addition of Jim Mercier and Scott
Sadowsky to the team underscores Aspen’s commitment to building a
first class surety franchise. Jim and Scott have over 47 years of
combined experience in the surety market and bring a wealth of
expertise in claims, legal, finance, technology and operations.
I’ve known and worked with Jim and Scott over the years and
they bring best-in-class claim and legal expertise, as well as the
quantitative and technological competencies required to develop and
deploy the credit and portfolio modeling tools necessary to build
and sustain a successful surety franchise.”
About James Mercier
Mr. Mercier comes to Aspen from a private practice law firm. He
has over twenty-five years of surety underwriting, claims and legal
experience and previously worked for both Travelers and The
Hartford. Mr. Mercier earned a Bachelor of Arts in Public Policy
& Government from Eastern Connecticut University and a J.D.
from the University of Connecticut.
About Scott Sadowsky, CFA
Mr. Sadowsky joins Aspen from The Hartford where his
responsibilities included Field Operations & Technology. He has
over twenty-two years of surety underwriting, reinsurance and
operational experience at both the field and home office levels and
previously worked for NacRe and Travelers. Mr. Sadowsky earned a BA
in Economics from the University of Pennsylvania and a MBA from the
University of Connecticut School of Business. He earned his
Chartered Financial Analyst (CFA) designation in 1999.
About Aspen U.S. Insurance
Aspen U.S. writes property, casualty and specialty insurance in
the U.S. on both a surplus lines and admitted basis through Aspen
Specialty Insurance Company and Aspen American Insurance Company.
In the last 18 months a number of teams have been hired with a
specialized focus on underwriting opportunities in Inland Marine
and Ocean Risks, Professional Liability, Management Liability and
Director’s and Officers Insurance which are underwritten in
addition to established lines of Property, General Casualty and
Environmental Liability.
About Aspen Insurance Holdings Limited
Aspen Insurance Holdings Limited (AHL:NYSE) provides reinsurance
and insurance coverage to clients in various domestic and global
markets through wholly-owned subsidiaries and offices in Bermuda,
France, Ireland, Singapore, the United States, the United Kingdom,
Switzerland and Germany. For the twelve months ended December 31,
2010, Aspen reported gross written premiums of $2,076.8 million,
net income of $312.7 million and total assets of $8.8 billion. Its
operating subsidiaries have been assigned a rating of “A”
(“Strong”) by Standard & Poor’s, an “A” (“Excellent”) by A.M.
Best and an “A2” (“Good”) by Moody’s Investors Service. 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
personnel and execution of its business plans. 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, 2010, filed with the U.S. Securities
and Exchange Commission on February 25, 2011.
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