David Cohen Joins Aspen Insurance as President and Chief Underwriting Officer
November 03 2015 - 5:44AM
Business Wire
Global Underwriting Leader Brings Over 35
Years of Experience
Aspen Insurance Holdings Limited (“Aspen” or “the Company”)
(NYSE:AHL) is announcing today the appointment of David Cohen as
President and Chief Underwriting Officer of its insurance segment,
Aspen Insurance.
David was until recently President US and Global Casualty Chief
Underwriting Officer, at Liberty International Underwriters. He
will be a member of Aspen’s group executive team and report to
Mario Vitale, Chief Executive Officer of Aspen’s insurance
segment.
As President, David will work with Mario to further develop and
implement the overall business strategy of Aspen Insurance,
accelerating the successful growth of the business. As Chief
Underwriting Officer, David will oversee segment business plans and
pricing models, support business development activity and act as a
referral authority for underwriting risks.
Chris O’Kane, Aspen’s Group Chief Executive Officer, 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.”
David Cohen commented: “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.”
Mario 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.”
NOTES TO EDITORS:
David Cohen has over 35 years of insurance industry
experience, most recently at Liberty International Underwriters
(LIU). He has been Global Casualty Chief Underwriting Officer at
LIU since June 2001 and was appointed to the additional role of
President of LIU US in December 2006. Prior to this, he was
President, Casualty Division, Great American Insurance Company for
five years and before that, he worked in the Excess Casualty
Division at The Home Insurance Company for 10 years. He began his
career at American International Group in 1980.
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in
various domestic and global markets through its subsidiaries and
offices in Australia, Bermuda, France, Germany, Ireland, Singapore,
Switzerland, the United Kingdom and the United States. For the year
ended December 31, 2014, Aspen reported $10.7 billion in total
assets, $4.8 billion in gross reserves, $3.4 billion in total
shareholders’ equity and $2.9 billion in gross written premiums.
Its operating subsidiaries have been assigned a rating of “A”
(“Strong”) by Standard & Poor’s Financial Services, an “A”
(“Excellent”) by A.M. Best Company Inc. and an “A2” (“Good”) by
Moody’s Investor Service, Inc.
Application of the Safe Harbor of the Private Securities
Litigation Reform Act of 1995
This press release contains "forward-looking" statements
regarding future results and events, including, without limitation,
statements regarding its personnel and achievement of Aspen’s
strategies and business plans. 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,” “do not believe,” “aim,” “project,”
“anticipate,” “seek,” “will,” “likely,” “assume,” “estimate,”
“may,” “continue,” “guidance,” “objective,” “outlook,” “trends,”
“future,” “could,” “would,” “should,” “target” 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. For a detailed
description of uncertainties and other factors that could impact
the forward-looking statements in this press release, please see
the “Risk Factors” section in Aspen’s Annual Report on Form 10-K
for the year ended December 31, 2014 filed with the U.S. Securities
and Exchange Commission on February 23, 2015. Aspen undertakes no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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Aspen Insurance Holdings LimitedInvestorsMark
Jones, +1-646-289-4945Senior Vice President, Investor
RelationsMark.P.Jones@aspen.coorMediaKaren Green,
+44-20-7184-8110Office of the
CEOKaren.green@aspen.coorInternational - Citigate Dewe
RogersonCaroline Merrell or Jos Bieneman,
+44-20-7638-9571Caroline.Merrell@citigatedr.co.ukJos.Bieneman@citigatedr.co.ukorNorth
America – Abernathy MacGregorCarina Davidson or Allyson Vento, +1
212-371 5999ccd@abmac.comamv@abmac.com
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