Aspen Insurance Acquire Blue Waters Insurers
Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Limited, has acquired Blue Waters Insurers, Corp.
Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist Marine Managing General Agency. The company was founded in 2007 and is highly respected for its product and policy design and development services, which it provides across Puerto Rico and the Caribbean.
Blue Waters will form part of Aspen Insurance’s global marine operation and will support the continued expansion of Aspen’s marine business by opening access to the Puerto Rican and Caribbean markets.
Blue Waters President, Eugenio M. Rosas, will continue in his role, reporting to Patrick Hickey, Executive Vice President and Head of U.S. Marine, Aspen Insurance.
David Cohen, President and Chief Underwriting Officer, Aspen Insurance, said: “Blue Waters has an excellent reputation and is a recognized industry leader in the Puerto Rico Marine market, reflecting the intellectual capital, technical and deep marine risk engineering expertise within the company.
“It is a successful business with strong prospects and is an excellent fit with our marine business in the U.S. as it adds local, technical expertise to support Aspen Insurance’s expansion by delivering localized service to a new geography.”
Eugenio M. Rosas added: “Blue Waters is committed to building long-term relationships with our marine customers and insurance agents in Puerto Rico and the Caribbean.
“That commitment will continue as part of Aspen Insurance and we look forward to developing the business further and leveraging the expertise and experience of Aspen Insurance. This is the start of an exciting future for Blue Waters as part of a global company.”
