Aspen Insurance Holdings says James Few is the new chief executive officer of Aspen Re, effective August 7.
Brian Boornazian, formerly the CEO of Aspen Re, has been named chairman and performance director of the reinsurance segment.
Boornazian will oversee the development and execution of Aspen's global reinsurance business strategy and will also leverage his extensive market experience and client knowledge to further enhance Aspen Re's approach to client service and relationship management globally. He will also be responsible for managing business performance, explains the Hamilton, Bermuda-based company, in a statement.
Aspen CEO Chris O'Kane explains why teh changes were made: “Aspen Re has grown to be an established market leader since our formation 10 years ago. A cornerstone of our success has been a rigorous focus on our clients and client service. Over this period, however, the reinsurance market has continued to evolve with increased emphasis on business being placed locally. The changes announced today reflect this trend and our reinsurance business will be managed on an increasingly regionalized and client facing basis.”
Additionally, Emil Issavi has been named chief underwriting officer of Aspen Re. Aspen says managing directors have also been appointed for Europe, North America, Asia Pacific, Latin America, Middle East and Africa and Global Accounts.
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