Aspen US Insurance Expands National Presence
Aspen US Insurance, part of the insurance segment of Bermuda-based Aspen Insurance Holdings Limited, opened a new office in Houston to capitalize on the shale energy boom and evolving regional environmental exposures.
As part of Aspen’s national expansion in the U.S., the new Houston office will serve as a hub to offer products and services to regional customers and brokers.
At the reception to mark the office opening, Mario Vitale, CEO of Aspen, commented, “The shale energy boom is in full swing as U.S. oil and gas production is soaring. The estimated $100 billion investment in the petrochemical industry creates new opportunities and risks for the insurance industry.”
Texas Department of Insurance Deputy Commissioner Danny Saenz attended the office opening and commented, “We are pleased to have a well-capitalized insurer open an office in Houston with plans for growth and contributions to the state economy.”
“We are proud to be in a position to help clients and brokers in the region meet the demands of their business, especially as energy and environmental risks gain complexity, and the associated need for innovative risk management grows,” added Mr. Vitale.
