Aspen Appoints Brian Boornazian to Head of Reinsurance.HAMILTON, Bermuda -- Aspen Insurance Holdings Limited ("Aspen") (NYSE NYSE See: New York Stock Exchange :AHL AHL American Hockey League AHL Action Half-Life (Half-Life modification) AHL Acyl Homoserine Lactone AHL Aramark Harrison Lodging AHL Acylated Homoserine Lactone AHL Association for the History of Language AHL Architects Hawaii Ltd ) (BSX BSX Bermuda Stock Exchange BSX Bandai Satellaview-X BSX Bicycle Super-X (Cross) : AHL BH) named Brian Boornazian to the newly created position of Head of Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. of Aspen. Mr. Boornazian will retain his current position as President of Aspen Re America as well as its associated responsibilities. He will continue to report directly to Aspen's Chief Executive Officer, Chris O'Kane. As Head of Reinsurance, Mr. Boornazian will be responsible for the global management of property and casualty product lines across Aspen's reinsurance operations, coordinating business planning, risk management and development of business opportunities. Mr. Boornazian will bring Aspen's reinsurance businesses together into a streamlined reporting line, enhancing efficiencies across the segments. Mr. O'Kane commented: "We are fortunate that an executive with Brian's depth of underwriting expertise and management experience is leading Aspen's worldwide reinsurance operations. I am confident that he will help strengthen our ability to pursue global growth opportunities, leveraging our sophisticated modeling and diverse reinsurance platform." Mr. Boornazian joined Aspen in January 2004 as President of Aspen Re America, Property Reinsurance. He has served as President, Aspen Re America since October 2005. Prior to joining Aspen, Mr. Boornazian acted in several capacities at XL Re America, and most recently was Senior Vice President, Chief Property Officer with responsibility for Property Treaty, Property Facultative, Ocean Marine and Multi-Line. Mr. Boornazian previously has held positions with General Reinsurance, Guy Carpenter Guy Carpenter was fictional character in the Australian soap opera Neighbours played by Andrew Williams from 1991 to 1992. Family Tree
About Aspen Insurance Holdings Limited Aspen Insurance Holdings Limited was established in June 2002. Aspen is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and specialty insurance and reinsurance consisting mainly of marine and energy and aviation worldwide. Aspen's operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company. Aspen has four operating segments: property reinsurance, casualty reinsurance, specialty insurance and reinsurance and property and casualty insurance. Aspen's principal existing founding shareholders include The Blackstone Group, Candover Partners Limited and Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Private Equity. For more information about Aspen, please visit Aspen's website at http://www.aspen.bm. |
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