Bermuda-based Aspen Insurance Holdings Ltd. announced today that its chairman, Paul Myners, will retire from the board May 2 and be replaced by board member Glyn Jones.

The company said Mr. Jones will assume his new post, which includes all company subsidiaries, following the firm's annual meeting.

Mr. Myners has been chairman since the company's founding in 2002. Mr. Jones has been on the board since 2006.

The new chairman is the former chief executive officer of Thames River Capital, CEO of Gartmore Investment Management, CEO of Coutts Natwest Group and Coutts Group, and a former consulting partner with Coopers & Lybrand/Deloitte Haskins & Sells Management Consultants.

Mr. Myners said in a statement, “I have chaired the board of Aspen since the incorporation of the company. Over the last five years Aspen has developed a reputation as a significant player in its chosen markets.

“As the company transitions into its next stage of development, I am delighted that Glyn Jones is to succeed me as chairman. I have worked with Glyn in various companies over the last seven years and have the highest regard for his executive skills and record of achievement in financial services.”

Mr. Jones, said Mr. Myners, has given Aspen “firm foundations” and the company is “focused on delivering superior client service and shareholder value, priorities which I share.”

Aspen is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and the United States, and specialty insurance and reinsurance consisting mainly of marine and energy and aviation worldwide.

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Jones To Succeed Myners As Aspen Chair

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