Aspen Insurance Senior Management Appointments

HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE: AHL) is announcing today two senior management appointments in its insurance segment, Aspen Insurance.

Bob Rheel has been appointed President of Aspen U.S. Insurance with effect from August 1, 2015, reporting to Mario Vitale, Chief Executive Officer of Aspen Insurance. Bob currently serves as Head of U.S. Property & Casualty Insurance and Programs and in a broker distribution leadership role.

Chris O’Kane, Aspen’s Group Chief Executive Officer, said: “Bob has played a pivotal role in the build-out of our U.S. platform and I am delighted that he has agreed to head up our U.S. Insurance business. He is a proven leader and his considerable industry experience and expertise will be invaluable as we take the business forward to the next stage of its continued profitable growth.”

Mario Vitale added: “Bob has made a significant contribution in the four years he has been with Aspen and he is ideally qualified to lead our U.S. Insurance business.”

Cliff Hope, EVP Chief Property Insurance Underwriter, has been appointed Head of U.S. Property & Casualty Insurance in addition to his existing responsibilities. His appointment is also effective from August 1st and he will report to Bob Rheel in this expanded role.

Mario Vitale commented: “During the seven years Cliff has been with Aspen Insurance, he has proven himself to be an outstanding technical underwriting leader with extensive market knowledge and he is very well qualified to head up our U.S. Property & Casualty Insurance business lines.”

NOTES TO EDITORS:

Bob Rheel has over 30 years of insurance industry experience and joined Aspen Insurance in 2011. Prior to this, he was the head of distribution and regional management at Zurich Financial Services and before that, the CEO of Eagle Star Insurance, Ireland. He began his career at Cigna Insurance in 1981 before moving on to senior roles with Fireman’s Fund Insurance Company and American International Group.

Cliff Hope has over 25 years of insurance industry experience and has held a wide variety of underwriting and leadership positions during his career. He started in the industry in 1989 with the Kemper National Insurance Companies and moved into property underwriting in 1992 since when he has held roles with Fireman’s Fund Insurance Company and Allianz before joining Aspen Insurance in 2008.

About Aspen Insurance Holdings Limited

Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through its subsidiaries and offices in Bermuda, France, Germany, Ireland, Singapore, Switzerland, the United Kingdom and the United States. For the year ended December 31, 2014, Aspen reported $10.7 billion in total assets, $4.8 billion in gross reserves, $3.4 billion in total shareholders’ equity and $2.9 billion in gross written premiums. Its operating subsidiaries have been assigned a rating of “A” (“Strong”) by Standard & Poor’s Financial Services, an “A” (“Excellent”) by A.M. Best Company Inc. and an “A2” (“Good”) by Moody’s Investor Service, Inc.

Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking" statements regarding future results and events, including, without limitation, statements regarding its personnel and achievement of Aspen’s strategies and business plans. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as “expect,” “intend,” “plan,” “believe,” “do not believe,” “aim,” “project,” “anticipate,” “seek,” “will,” “likely,” “assume,” “estimate,” “may,” “continue,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target” and similar expressions of a future or forward-looking nature.

All forward-looking statements rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside Aspen’s control that could cause actual results to differ materially from such statements. For a detailed description of uncertainties and other factors that could impact the forward-looking statements in this press release, please see the “Risk Factors” section in Aspen’s Annual Report on Form 10-K for the year ended December 31, 2014 filed with the U.S. Securities and Exchange Commission on February 23, 2015. Aspen undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150603005785/en/

Please visit www.aspen.co or contact:
Investors
Aspen
Kathleen de Guzman, +1-646-289 4912
Senior Vice President, Investor Relations
[email protected]
or
Aspen
Mark Jones, +1-646-289-4945
Vice President, Investor Relations
[email protected]
or
Media
Aspen
Steve Colton, +44 20 7184 8337
Head of Communications
[email protected]
or
International – Citigate Dewe Rogerson
Caroline Merrell or Jos Bieneman, +44 20 7638 9571
[email protected]
[email protected]
or
North America – Abernathy MacGregor
Carina Davidson or Allyson Vento, +1-212-371-5999
[email protected]
[email protected]

Source: Aspen Insurance Holdings Limited

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