Aspen Restructures Regional Reinsurance Leadership

Bermuda-based Aspen Insurance Holdings Limited has announced changes to the management of its reinsurance segment (Aspen Re). Brian Boornazian (CEO, Aspen Re) will assume the position of chairman of Aspen Re. James Few (president, Aspen Re) will become CEO of Aspen Re. Emil Issavi will become CUO of Aspen Re.

Boornazian has been appointed as chairman and performance director of Aspen Re and CEO of North America for Aspen Re. He will oversee Aspen’s global reinsurance business strategy, client service and relationship management globally.

Few will become CEO of Aspen Re and will develop and execute Aspen Re’s global business strategy, with responsibility for its implementation.

Issavi has been appointed as chief underwriting officer of Aspen Re.

In addition, managing directors have been appointed for Europe, North America, Asia Pacific, Latin America, Middle East and Africa and Global Accounts.”

The company said the changes reflect that the there is now increased emphasis on reinsurance business being placed locally and means its reinsurance business will be managed on an increasingly regionalized basis.

Source: Aspen Insurance Holdings