Bermuda-based Aspen Insurance Holdings Limited said Richard Houghton has been appointed chief financial officer effective April 30.
The reinsurance firm said Mr. Houghton, who joins the company from Royal Bank of Scotland Group where he was chief operating officer, will report to Chris O'Kane, Aspen's chief executive officer.
Mr. Houghton was previously group finance director of RBS Insurance and was also group finance director of Ulster Bank, another subsidiary of RBS. He began his professional career as an accountant at Deloitte & Touche where he spent 10 years working in audit, corporate finance recovery.
He is a Fellow of the Institute of Chartered Accountants in England and Wales.
Mr. O'Kane said Aspen, which began operations in 2002, is moving into the next phase of its development. “And the experience Richard brings will complement and broaden our capabilities for the challenges and opportunities ahead.”
The current Aspen CFO, Julian Cusack, will continue as chairman and CEO of AIL, Mr. O'Kane said.
Aspen 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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