Aspen
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AM Best recorded 2022 US E&S direct written premium at just under $100bn in another year of strong growth. -
Bianconi joined Aspen in 2016 and has held a number of roles including, most recently, as head of US cyber.
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The move to gear up for a listing follows a non-deal roadshow held over the summer.
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Insurance's GWP decline was driven by a couple of programs that were underperforming, while reinsurance's deceleration was driven by a deliberate slowdown in the mortgage book.
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Net income increased to $219mn over the period, up from $48mn in the same period last year, while underwriting income increased by 33% to $208mn.
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In her expanded role, she will work with trading partners to represent Aspen in the US for all business segments and build out existing distribution strategies.
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The executive joins from Crum and Forster, with 20 years’ cyber experience.
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Tartaglia will focus on driving process, data and systems excellence to support Aspen’s commercial and business strategy.
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John Welch left his role as CEO of domestic markets at Axa XL Re last year in a leadership reshuffle.
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The company did not provide prior-year period figures as it usually discloses its results on a semiannual basis.
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Mark Cloutier set out Aspen’s plans for top-line 2023 growth in the range of 10%, and a continued strategy of pursuing rate rather than exposure growth in property cat.
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The Bermudian carrier reported GWP of just over $4.3bn in 2022, a 10% increase on the year prior.
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