Aspen Capital Markets news

Aspen Capital Markets, the third-party and alternative reinsurance capital management unit of global re/insurer Aspen, continued to increase its assets under management in the third-quarter of 2024, surpassing $2 billion for the first time, reflecting growth of 38% in the last year.

Aspen Capital Markets, the third-party and alternative reinsurance capital management unit of global re/insurer Aspen, has lifted its assets under management in third-party capital and insurance-linked securities (ILS) vehicles by 46% over the twelve months to June 30th 2024, to reach a new high of $1.9 billion.

Having reached $1.7 billion in assets under management at the beginning of this year, Aspen Capital Markets, the third-party and alternative reinsurance capital management unit of global re/insurer Aspen, earned 10% more in fee income through the first-quarter of 2024.

Insurer and reinsurer Aspen Insurance Holdings Limited, and asset manager PIMCO, have announced the launch of Pando Re Ltd., a Bermuda-based, casualty focused collateralised re/insurer that act as a reinsurance sidecar and help to drive growth of third-party capital and fee income for Aspen Capital Markets.

Aspen Capital Markets, the third-party and alternative reinsurance capital management unit of global re/insurer Aspen, continued to expand its funding for third-party capital and insurance-linked securities (ILS) vehicles, as total capital sourced reached $1.7 billion by the end of 2023.

Aspen Capital Markets, the third-party and alternative reinsurance capital management unit of global re/insurer Aspen, has raised new funds for its third-party capital and insurance-linked securities (ILS) vehicles, taking total assets under management to $1.5 billion at the end of September 2023.

Aspen Capital Markets, the third-party and alternative reinsurance capital management unit of global re/insurer Aspen, is benefiting from the increased assets under management (AUM) the unit had raised last year, with its fee income for the first-half rising by roughly 30%.

Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance company, has appointed former AXA XL senior reinsurance executive John Welch as the firm’s new Chief Underwriting Officer, Reinsurance.

Aspen Capital Markets, the third-party and alternative reinsurance capital management unit of global re/insurer Aspen, had a successful year in 2022, growing its assets under management by 42% to reach $1.3 billion over the twelve months.

Bermuda-based insurer and reinsurer Aspen’s use of third-party capital is a key, strategic focus for the firm and will remain so going forward, according to Philip Hough, Global Head of Property Reinsurance at Aspen Re.