Bret Pearlman to Depart Aspen's Board
August 05 2004 - 12:05PM
PR Newswire (US)
Bret Pearlman to Depart Aspen's Board HAMILTON, Bermuda, Aug. 5
/PRNewswire-FirstCall/ -- Aspen Insurance Holdings Limited
(NYSE:AHL)(BSX:AHLBSX:BH) today announced that Bret Pearlman will
step down from the company's Board of Directors. Mr. Pearlman's
resignation coincides with his move to Elevation Partners. His
resignation is effective immediately. Aspen will seek to fill the
vacant directorship left by Mr. Pearlman as soon as practicable and
has commenced a search for independent director candidates. "On
behalf of the entire Board, I thank Bret for his manifold
contributions to Aspen's success," said Chris O'Kane, chief
executive officer. "The insights and experiences he brought to bear
on Aspen's behalf have made our company stronger. We wish Bret all
the best in his new endeavors with Elevation Partners." About Aspen
Insurance Holdings Limited Aspen Insurance Holdings Limited (Aspen)
was established in June 2002. Aspen is a Bermudian holding company
that provides property and casualty reinsurance in the global
market, property and liability insurance principally in the United
Kingdom and surplus lines insurance in the United States. Aspen's
operations are conducted through its wholly owned subsidiaries
located in London, Bermuda and the United States: Aspen Insurance
UK Limited (Aspen Re), Aspen Insurance Limited (Aspen), Aspen
Specialty Insurance Company (Aspen Specialty) and Aspen Re America
Inc (Aspen Re America). Aspen's reinsurance segment consists of
property reinsurance, casualty reinsurance and specialty
reinsurance lines of business. Aspen's insurance segment consists
of commercial property, commercial liability and U.S. surplus
insurance lines of business. Aspen's principal existing
shareholders include The Blackstone Group, Candover Partners
Limited, Wellington Underwriting plc and Credit Suisse First Boston
Private Equity. DATASOURCE: Aspen Insurance Holdings Limited
CONTACT: Investors - Noah Fields, Head of Investor Relations, or
Julian Cusack, Chief Financial Officer, both of Aspen Insurance
Holdings Limited, +441-297-9382; or US - Carina Thate or Jason
Thompson, both of The Abernathy MacGregor Group, +1-212-371-5999,
for Aspen Insurance Holdings Limited; or UK - Emma Burdett or Brian
Hudspith, both of The Maitland Consultancy, +44-20-7379-5151, for
Aspen Insurance Holdings Limited
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