The reinsurance segment of Aspen Insurance Holdings Ltd. says it has formed a new division, Aspen Capital Markets.
Aspen Reinsurance is establishing the new division, based in New York and led by Brian Tobben, to expand its participation in the alternative reinsurance market.
"Our decision to establish a capital markets division recognizes developments in the reinsurance market over recent years, as the influence of the capital markets on the catastrophe segment has steadily increased," says James Few, CEO of Aspen Re.
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