Bermuda-based Aspen Insurance Holdings Limited announced yesterday that Julian Cusack has been promoted to the post of chief operating officer at the company.

The firm said that Mr. Cusack in his new post will continue as Aspen Insurance Limited (Aspen Bermuda) chairman and chief executive officer.

A promotion for Mr. Cusack and an expanded role for Aspen Chief Financial Officer Richard Houghton follow the decision by Aspen President and COO Stuart Sinclair to resign on April 17 "in order to pursue other business and personal opportunities," the firm said.

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