Aspen
-
The ratings agency also affirms the carrier’s financial strength rating of A. -
The executive says the carrier made strides last year in its underwriting and is well positioned for growth.
-
Catastrophe losses more than doubled to $360.8mn, which included $181.2mn of Covid-19 losses.
-
The deal including 2019 and prior-year business covers about $500mn of loss reserves.
-
Parr, the famed investment banker, had represented Apollo on the board and steps down with immediate effect.
-
The appointment reflects a diversification push at the carrier.
-
The new arrival at the M&A insurance specialist follows the departure of paper provider AGCS earlier this year.
-
The former GL leader takes up a New York and Connecticut role.
-
The carrier showed improvement in the underlying profitability of the carrier as the turnaround continues.
-
The ratings agency has lowered the carrier’s rating by a notch because of capital adequacy concerns.
-
The MDP-backed buyer strikes a simultaneous capacity deal with Crum & Forster.
-
Theresa Froelich takes up the role following a restructure of senior leadership at the company.
Related
-
Aspen ready to ‘lean in’ to D&O: Dunleavy
August 08, 2025 -
Q2 earnings roundup August 7: Aspen, HCI
August 07, 2025 -
Aspen appoints Cushway to head of international and UK casualty
August 04, 2025 -
Aspen promotes John Welch to Group CUO
July 17, 2025