Aspen Segment Leadership Appointments
Aspen Insurance Holdings Limited announced new leaders for its Insurance and Reinsurance segments.
Stephen Postlewhite, previously Chief Executive Officer, Aspen Reinsurance, has been appointed Chief Executive Officer, Aspen Insurance with immediate effect. Thomas Lillelund, previously Managing Director, Asia Pacific, for Aspen Reinsurance, succeeds Mr. Postlewhite as Chief Executive Officer, Aspen Reinsurance.
These appointments follow the announcement by Mario Vitale of his intention to retire from Aspen. Mr. Vitale has been Chief Executive Officer, Aspen Insurance, since 2012 and he will remain with Aspen until June 30 to ensure a smooth transition.
Aspen’s Chief Executive Officer, Chris O’Kane, said: “The leadership changes announced today reflect our strategy of continuing to build strong, diversified insurance and reinsurance platforms for the benefit of our clients, business partners and investors.
“Since taking over as CEO of Aspen Re in 2014, Stephen has guided the business through a challenging market, executing on our strategy and increasing profitability. Stephen is a proven leader and we look forward to benefitting from his strategic and operational skills as we continue to align our insurance business globally and leverage our increased scale to generate growth and enhanced profitability.”
“Thomas is an extremely gifted leader who established our Singapore office in 2008 and he has built a highly successful and profitable business across the Asia-Pacific region. I believe Thomas is the right person to build on Stephen’s strong track record, working closely alongside Brian Boornazian, Chairman of Aspen Re and Emil Issavi, President and Chief Underwriting Officer of Aspen Re. We are well positioned to sustain the success of our reinsurance business under Thomas’ leadership.”
Chris O’Kane continued: “I would like to thank Mario for his tremendous service to Aspen and to wish him all the best for the future. Under his leadership, we have grown the U.S. platform significantly and enhanced our highly respected position in the markets we operate in internationally. With his passion, energy, commitment and sharp focus on execution, Mario has built Aspen Insurance into a leading specialty insurer with close to $2 billion in annual premiums.”
In addition, Robert Rheel, President, Aspen U.S. Insurance, has announced his intention to retire from Aspen after 35 years in the industry. The Company is conducting a search for his successor and Mr. Rheel will remain with Aspen until the end of June to assist with the transition.
Chris O’Kane commented: “Bob has played a pivotal role in the successful build-out of our U.S. Insurance brand over the last five years. I would like to thank him for his considerable contribution to the business during this time and to wish him well for the future.”
