Aspen Capital Markets news

Aspen Re, the reinsurance underwriting arm of specialty firm Aspen Insurance Holdings Limited, has a new Chief Underwriting Officer (CUO) in Christian Dunleavy, as the current CUO Emil Issavi is departing for Ryan Specialty Group (RSG).

Numerous changes at the executive level have been announced by Aspen Insurance Holdings Limited, including a new CEO for its Bermuda underwriting platform and handing responsibility for outwards reinsurance and retrocessions to the CRO.

Bermudian insurance and reinsurance group Aspen Insurance Holdings Limited has continued to expand its use of collateralized reinsurance and ceding risks to third-party capital investors through its Aspen Capital Markets division.

Bermudian insurance and reinsurance group Aspen Insurance Holdings Limited has continued to cede an increasing amount of its gross premiums written, with retrocessional and third-party capital providers the likely beneficiaries.

Bermudian insurance and reinsurance group Aspen Insurance Holdings Limited has continued to cede more of its underwritten premiums to third-party capital sources and retrocession, with quota shares playing an important role as the company expands its insurance book.

Bermudian insurance and reinsurance group Aspen Insurance Holdings Limited grew its book at the January 2018 renewals, with CEO Chris O’Kane saying it was the first quarter in the firms history when it underwrote more than $1 billion of premium, but a significant proportion was actually ceded to retrocession and third-party capital it appears.

Bermudian insurance, reinsurance and growing third-party capital manager Aspen Insurance Holdings Limited, is changing the way it deals with sidecar style quota shares, which will see it stop using its Silverton Re sidecar and moving quota share support to cells of its other vehicle Peregrine Re.

Bermudian insurer and reinsurer, Aspen Insurance Holdings Limited, announced during its Q4 2017 earnings call that it grew its third-party capital assets under management (AuM) by more than 20% in 2017, taking the total to $550 million.

Aspen Insurance Holdings has expanded its capital markets activities through its Peregrine Reinsurance Ltd. vehicle recently, utilising it for segregated account re/insurance deals for a broader range of risks, backed by third-party investors.

Aspen Reinsurance has renewed its Silverton Re collateralised reinsurance sidecar at a size of $130 million for the 2017 underwriting year, a slight upsizing from the prior year and with its own $25 million contribution remaining steady.