Aspen
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The carrier’s former accountant KPMG will now have to respond to EY’s enquiries. -
The carrier has also announced a brace of promotions in its first-party and specialty teams.
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The existing $770mn adverse development cover between the two parties has been absorbed as part of the deal.
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Aspen joins Counterpart’s paper platform, which has been backed by Markel since the InsurTech launched in 2020.
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The business performance is on track for an eventual flotation, but the date will depend on stock market conditions, the CEO said.
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The reinsurance segment swung back to underwriting profits as its CoR declined 8.5 points to 93.6% and its LR improved 11.4 points to 63%.
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Under the terms of the deal, Aspen will provide paper across multiple geographies with three programs in the US and four in Europe.
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Inside P&C’s news team runs you through the key developments from the last week.
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Project Leaf will see environmental, social and governance (ESG) information issues woven into Aspen’s decision making for its credit and political risk portfolio.
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The deal is the largest in Enstar’s history and sets Aspen up either for a sale to a strategic buyer or a return to the public markets.
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In a raft of promotions, Andrew Rippert will become reinsurance CUO and Beatrice Morley head of international reinsurance.
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Kevin Chidwick, group CFO at Aspen Insurance Holdings, is to retire by year end and will be succeeded by Christopher Coleman.
Related
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Q2 earnings roundup August 7: Aspen, HCI
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Aspen appoints Cushway to head of international and UK casualty
August 04, 2025 -
Aspen promotes John Welch to Group CUO
July 17, 2025