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Aspen Appoints Laurie Shane as Group Head of Outwards Reinsurance
May 6, 2021 GMT
HAMILTON, Bermuda (BUSINESS WIRE) May 6, 2021
Laurie Shane joins Aspen Insurance Holdings Limited (“Aspen”) as new Group Head of Outwards Reinsurance and begins her role on June 1, 2021. Laurie will report to Brian Tobben, CEO Aspen Capital Partners.
Laurie joins Aspen from Markel Corporation where she was Managing Director of Global Ceded Reinsurance. In this role she worked to develop outward reinsurance strategies focusing on reducing group earnings volatility, balance sheet protection and managing third party credit risk.
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AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a of Aspen Insurance UK Limited (AIUK) (United Kingdom), Aspen Bermuda Limited (ABL) (Bermuda), Aspen American Insurance Company (AAIC) (Austin, TX) and Aspen Specialty Insurance Company (ASIC) (Bismarck, ND). Concurrently, AM Best has revised the outlook to stable from negative and affirmed the Long-Term ICR of bbb of Aspen Insurance Holdings Limited (Aspen) (Bermuda), the non-operating holding company of the Aspen group of companies. AM Best has also revised the outlook to stable from negative and affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the debt instruments and preference shares of Aspen. (Please see below for a detailed listing of the Long-Term IRs.)
AM Best : Revises Outlooks to Stable and Affirms Credit Ratings of Aspen Insurance Holdings Limited and Its Rated Subsidiaries
04/30/2021 | 12:41pm EDT
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AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of Aspen Insurance UK Limited (AIUK) (United Kingdom), Aspen Bermuda Limited (ABL) (Bermuda), Aspen American Insurance Company (AAIC) (Austin, TX) and Aspen Specialty Insurance Company (ASIC) (Bismarck, ND). Concurrently, AM Best has revised the outlook to stable from negative and affirmed the Long-Term ICR of “bbb” of Aspen Insurance Holdings Limited (Aspen) (Bermuda), the non-operating holding company of the Aspen group of companies. AM Best has also revised the outlook to stable from negative and affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the debt instruments and preference
COVID, weather catastrophes take toll on insurer Argo Group s 2020 financial results
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Kevin J. Rehnberg is CEO of Argo Group International Holdings Ltd., a specialty insurer that has its U.S. headquarters in San Antonio.Courtesy
Weather-related catastrophe claims and the effects of the coronavirus caused losses to swell at Argo Group International Holdings Ltd., the specialty insurer that has its U.S. headquarters in San Antonio.
The Bermuda-based company reported it lost $71.9 million, or $2.21 a share, on nearly $1.89 billion in revenue last year. By comparison, it lost $8.4 million, or 25 cents a share, on $1.97 billion in revenue in 2019.
“We did not achieve our financial targets for 2020,” Argo CEO Kevin J. Rehnberg told analysts on a conference call Thursday.
Kotch Joins Core Specialty Insurance in Ohio as Chief Information Officer February 12, 2021
Core Specialty Insurance Holdings Inc. (Core Specialty), based in Cincinnati, Ohio, has appointed Mary Kotch as chief information officer and member of the company’s executive committee.
Kotch has more than 20 years’ experience in strategic technology innovation, application shared services, managing a global project management office, infrastructure, architecture, and digital and data management.
She previously served in senior executive technology roles at Aspen Insurance Holdings Limited, Validus Group and AIG. She recently was recognized as ‘CIO of the Year’ at the 2020 Women in IT Awards.
Core Specialty offers a diversified range of property and casualty insurance products for small to mid-sized businesses.