Aspen To Appoint Mario Vitale As Co-CEO

Aspen Insurance Holdings Limited announced that Mario P. Vitale will be appointed as co-CEO of Aspen Insurance with effect from 01 January, 2012, when John Cavoores steps down from the role.

This appointment is in addition to Mr. Vitale’s current responsibility as President of Aspen US Insurance. In his new role, Mr. Vitale will work jointly with Rupert Villers, co-CEO of Aspen Insurance in developing Aspen’s insurance operations. Mr. Cavoores will remain a Director of Aspen.

Chris O’Kane, Chief Executive Officer, commented: “I would like to thank John for his very considerable achievements since taking on an executive role at Aspen as co-CEO of Insurance in October last year. He has strengthened our US insurance operations in particular and provided a firm foundation from which to build our presence in the US market.”

“He has also made a significant contribution to the Company’s overall development both as a director since October 2006 and during his executive tenure. I am very pleased that John will remain as a Director on the Aspen board and I look forward to his continued contribution.”

He further commented: “Mario has made significant progress in executing our US insurance strategy since joining the Company earlier this year and he will make a strong contribution to the continued evolution of our insurance franchise working with Rupert Villers.”

#AspenInsuranceHoldings #BusinessExecutives

Category: All, Business