– BERMUDA, Hamilton – Aspen Insurance Holdings Limited (NYSE: AHL) today announced the appointment of Richard Lightowler to its Board as a Non-Executive Director, effective December 10, 2020.
“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.” said Executive Chairman and Group CEO, Mark Cloutier.
The company also announced that Gordon Ireland, Non-Executive Director and current Chair of the Audit Committee will be stepping down from the Board at the next AGM in 2021, while Gary Parr has stepped down from its Board with immediate effect.
Mark Cloutier commented: “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.”
About Richard Lightowler
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 a 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.
Richard 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.”
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Singapore, Switzerland, the United Kingdom, and the United States. For the year ended December 31, 2019, Aspen reported $12.6 billion in total assets, $7.0 billion in gross reserves, $2.7 billion in total shareholders’ equity, and $3.4 billion in gross written premiums. Aspen’s operating subsidiaries have been assigned a rating of “A-” by Standard & Poor’s Financial Services LLC, and an “A” by A.M. Best Company Inc.
For more information: https://www.aspen.co/
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