Aspen Moves into Aviation Line
NU Online News Service, Sept. 3, 11:55 a.m. EST?Bermuda-based Aspen Insurance Holdings Limited today said its unit in the United Kingdom will expand its London market insurance portfolio by recruiting a new team to develop an aviation insurance account from 2005.[@@]
Aspen Insurance UK Limited will offer the new coverages next year.
Aspen chief executive Chris O'Kane said the move into aviation insurance is part of a strategy to grow the company's complex technical lines to help balance the portfolio.
"We are recruiting a team with a strong underwriting track with a reputation for excellent levels of service that will match Aspen's philosophy," he said.
London-based Nick Bonnar will head the underwriting operation with team leader John Henderson, according to Aspen.
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