Aspen

The move to gear up for a listing follows a non-deal roadshow held over the summer.

Insurance's GWP decline was driven by a couple of programs that were underperforming, while reinsurance's deceleration was driven by a deliberate slowdown in the mortgage book.

Net income increased to $219mn over the period, up from $48mn in the same period last year, while underwriting income increased by 33% to $208mn.

In her expanded role, she will work with trading partners to represent Aspen in the US for all business segments and build out existing distribution strategies.

The executive joins from Crum and Forster, with 20 years’ cyber experience.

Tartaglia will focus on driving process, data and systems excellence to support Aspen’s commercial and business strategy.

John Welch left his role as CEO of domestic markets at Axa XL Re last year in a leadership reshuffle.

The company did not provide prior-year period figures as it usually discloses its results on a semiannual basis.

Mark Cloutier set out Aspen’s plans for top-line 2023 growth in the range of 10%, and a continued strategy of pursuing rate rather than exposure growth in property cat.

The Bermudian carrier reported GWP of just over $4.3bn in 2022, a 10% increase on the year prior.

David Altmaier previously served as the commissioner of insurance for the state of Florida, leading the office of insurance regulation for more than six years.

The number of global, non-life run-off deals dropped to 48 over 2022, compared with 54 in 2021, according to a report from PwC.