Aspen Appoints John Worth as Group Chief Financial Officer
September 11 2012 - 7:10AM
Business Wire
Aspen Insurance Holdings Limited (“Aspen”) (NYSE: AHL) today
announces that John Worth has been appointed as Group Chief
Financial Officer of the company, effective November 1, 2012.
John Worth previously served as Group Financial Controller of
Barclays PLC. He will be based in London, reporting directly to
Chris O’Kane, Aspen’s Chief Executive Officer, and join Aspen’s
Group Executive Committee.
John Worth succeeds Julian Cusack, interim Aspen Group Chief
Financial Officer, who will resume his role as Chief Risk Officer
of Aspen. Stephen Postlewhite, who was serving as Acting Group
Chief Risk Officer, will similarly resume his previous role as Head
of Risk. John’s appointment remains subject to relevant regulatory
approval.
Chris O’Kane, Chief Executive Officer said, “I am very pleased
to welcome John as Group Chief Financial Officer of Aspen. He is an
accomplished financial executive with over 25 years of experience
in financial services and accounting. John will be a valuable
addition to Aspen and brings significant expertise in banking and
capital markets, risk management and a broad understanding of
insurance markets, as well as experience in managing global teams
and strong familiarity with regulatory and reporting standards. I
look forward to working closely with John as we continue to build
on Aspen’s diversified business approach and position the Company
to capitalize on an improving rating environment in the commercial
P&C markets.”
John most recently served as Group Financial Controller for
Barclays PLC. Before joining Barclays, and between 2006 and 2009,
John was a Partner in Banking and Capital Markets for Ernst &
Young. From 2002 to 2006 he served in various leadership roles at
Prudential UK, including Chief Information Officer and Head of Risk
and Compliance as well being seconded to the UK’s Financial
Services Authority. John previously worked at Barclays Capital from
1997 to 2002, serving as Program Director, Group Controls Review
and prior to that Managing Director and Global Head of Audit. He
started his career at Price Waterhouse, where he served in a number
of global roles from 1984 to 1997.
About Aspen Insurance Holdings Limited (“Aspen”)
Aspen provides reinsurance and insurance coverage to clients in
various domestic and global markets through wholly-owned
subsidiaries and offices in Bermuda, France, Germany, Ireland,
Singapore, Switzerland, the United Kingdom and the United States.
For the year ended December 31, 2011, Aspen reported $9.5 billion
in total assets, $4.5 billion in gross reserves, $3.2 billion in
shareholders’ equity and $2.2 billion in gross written premiums.
Its operating subsidiaries have been assigned a rating of “A”
(“Strong”) by Standard & Poor’s (“S&P”), an “A”
(“Excellent”) by A.M. Best and an “A2” (“Good”) by Moody’s
Investors Service (“Moody’s”).
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 US federal securities laws regarding its appointment of key
personnel. 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, 2011, filed with the US
Securities and Exchange Commission on February 28, 2012.
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