On December 27, 2021, PALAC and PLAZ entered into the Excluded Business Reinsurance Agreement, which was effective as of December 1, 2021, and pursuant to which PLAZ assumed from PALAC on a coinsurance basis, 100% of all liabilities of PALAC arising out of or resulting from the insurance or annuity policies and contracts issued, assumed or entered into by PALAC.
Aspen Insurance Holdings Limited announced that Richard Lightowler has been appointed to its Board as a Non Executive Director effective December 10, 2020.
A spokesperson said, “Mr. Lightowler is currently a Non-Executive Director of Oakley Capital Investments Limited and Hansa Investment Company Limited. Richard has over 25 years in public accounting and was notably Partner with KPMG for almost 19 years. While at KPMG he also served as Head of the Insurance Practice and a member of the firm’s Global Insurance Leadership Team.
“During his extensive career, Richard has worked with many large international reinsurance and insurance groups. As well as his extensive industry background he also brings significant risk, governance and transaction experience including working with both UK and US stock exchanges.
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Aspen Insurance Holdings Limited ("Aspen" or the "Company") announced today that Richard Lightowler has been appointed to its Board as a Non Executive Director effective December 10 2020. Mr. Lightowler is currently a