Aspen

“If we hit ’21, as I expect, based on most recent forecasts, and in ‘22 we get close to our plan, I think a possibility for this business would be a potential IPO in early ’23,” Cloutier told this publication on Tuesday.

The carrier has non-renewed around $800mn of business in the past 18 months.

The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.

Aspen said Mike Cain will still remain with the company through Q1 2022.

Aileen Mathieson, who will start on 15 November, will also join Aspen’s group executive committee.

Head of global casualty Beatrice Morley has been put in charge of the Asia Pacific region, while Phillip Hough will remain the head of global property.

The changing reinsurance market dynamics are impacting reinsurers' ability to raise rates.

The industry veteran is credited with having built Arch’s well-respected mortgage credit business.

The company is accused of “brazenly cheating” Andrew Kudera of his own money and of owed compensation, the lawsuit states.

The newcomer replaces Andrew Kudera, who was hired in January last year but has now left to pursue other opportunities.

The new logo and slogan follow a year of progress in the carrier’s turnaround plan.

Aspen’s outwards reinsurance team now also joins the carrier’s capital markets unit.