Aspen Announces New CEOs for Insurance & Reinsurance Units as Vitale Retires

Bermuda-based Aspen Insurance Holdings Ltd. has allocated new leaders for a word and reinsurance segments, in response to the announced retirement of CEO Mario Vitale.

Stephen Postlewhite, formerly arch executive officer of Aspen Reinsurance, has been allocated arch executive officer, Aspen Insurance, with evident effect.  Succeeding him as CEO of Aspen Re is Thomas Lillelund, who formerly was Aspen Re’s managing director, Asia Pacific.

Vitale has been CEO of Aspen Insurance given 2012, and he will sojourn with Aspen until Jun 30 to safeguard a well-spoken transition, Aspen pronounced in a statement.

“The care changes announced currently simulate a plan of stability to build strong, diversified word and reinsurance platforms for a advantage of a clients, business partners and investors,” pronounced Aspen’s CEO Chris O’Kane.

“Since holding over as CEO of Aspen Re in 2014, Stephen has guided a business by a severe market, executing on a plan and augmenting profitability. Stephen is a proven personality and we demeanour brazen to benefiting from his vital and operational skills as we continue to align a word business globally and precedence a increasing scale to beget expansion and extended profitability,” O’Kane said.

“Thomas is an intensely means personality who determined a Singapore bureau in 2008 and he has built a rarely successful and essential business opposite a Asia-Pacific region,” O’Kane continued.

“I trust Thomas is a right authority to build on Stephen’s clever lane record, operative closely alongside Brian Boornazian, authority of Aspen Re, and Emil Issavi, boss and arch underwriting officer of Aspen Re. We are good positioned to means a success of a reinsurance business underneath Thomas’ leadership.”

Thanking Vitale for his use to Aspen, O’Kane pronounced that underneath Vitale’s leadership, a association has significantly grown a U.S. height and extended a ubiquitous position. “With his passion, energy, fasten and pointy concentration on execution, Mario has built Aspen Insurance into a heading specialty insurer with tighten to $2 billion in annual premiums.”

In addition, Robert Rheel, president, Aspen U.S. Insurance, has announced his goal to retire from Aspen after 35 years in a industry. The association is conducting a hunt for his inheritor and Rheel will sojourn with Aspen until a finish of Jun to support with a transition.

O’Kane commented: “Bob has played a pivotal purpose in a successful build-out of a U.S. Insurance code over a final 5 years. we would like to appreciate him for his substantial grant to a business during this time and to wish him good for a future.”

Biographies of Postlewhite and Lillelund

Stephen Postlewhite was allocated CEO of Aspen Re in Sep 2014. He was formerly a organisation arch risk officer in Feb 2013. He assimilated Aspen as emissary arch actuary in 2003 and became a conduct of Risk Capital 6 years later.

Before fasten Aspen, he spent a year during a UK Financial Services Authority operative on a growth of a Individual Capital Assessment routine for non-life insurers. Previously, Postlewhite had spent 9 years with KPMG in London and Sydney, operative as a comparison ubiquitous word actuarial consultant – primarily on a London market, Lloyd’s and reinsurance clients. He started his career as a government consultant during Andersen Consulting and has been a Fellow of a Institute of Actuaries given 2001.

Thomas Lillelund assimilated Aspen in 2008 and has been Aspen Re’s handling executive for Asia Pacific given 2012. He began his career in underwriting and government in 1995 and formerly worked during General Re, Swiss Re and AIG.

Lillelund is creatively from Denmark and has lived and worked in Latin America, North America, Europe, Africa, Middle East and Asia. He has a BA in Economics from a College of William Mary, an MBA from a Ivey Business School during a University of Western Ontario. He is an Associate in Reinsurance (ARe).

Source: Aspen Insurance Holdings

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