Richard Lightowler Appointed To Aspen Board
Aspen Insurance Holdings Limited announced that Richard Lightowler has been appointed to its Board as a Non Executive Director effective December 10, 2020.
A spokesperson said, “Mr. Lightowler is currently a Non-Executive Director of Oakley Capital Investments Limited and Hansa Investment Company Limited. Richard has over 25 years in public accounting and was notably Partner with KPMG for almost 19 years. While at KPMG he also served as Head of the Insurance Practice and a member of the firm’s Global Insurance Leadership Team.
“During his extensive career, Richard has worked with many large international reinsurance and insurance groups. As well as his extensive industry background he also brings significant risk, governance and transaction experience including working with both UK and US stock exchanges.
“Aspen also announced today that Gordon Ireland, Non Executive Director and current Chair of the Audit Committee will be stepping down from the Board at the Company’s Annual General Meeting in 2021. Gordon Ireland’s departure comes after more than seven years’ service, and it is anticipated that Richard Lightowler will succeed Gordon as Chair of the Audit Committee at that time.
“Aspen further announced today that Gary Parr has stepped down from its Board with immediate effect. Gary Parr is a Senior Managing Director and Executive Committee member of Apollo Global Management, Inc. and was appointed as a Director of the Board on February 15, 2019 at the time of Apollo’s acquisition of the Company.”
Mr Lightowler commented: “I am excited to be joining the Board of Aspen at this important time in the company’s evolution. Under the new management team, the business is well positioned to create significant value and to deliver on its potential as a leading market for risk solutions. I look forward to working with fellow Board members, and the wider leadership team, to help Aspen continue its trajectory and focus on value creation.”
Mark Cloutier, Executive Chairman and Group Chief Executive Officer, commented: “I am delighted that Richard is joining the Aspen Board. His extensive experience in the sector will complement our existing strong team of directors. His new insights and expertise will be invaluable as we continue our journey to transition the business as a solution provider and risk transformer.
“I would like to thank Gordon and Gary for their significant contributions to the Board during their tenure and we wish them well in their future endeavors.”
