This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aspen Initiates Search For A New Chief Financial Officer To Succeed Richard Houghton; Julian Cusack To Serve As Interim

Aspen Insurance Holdings Limited (“Aspen” or the “Company”) (NYSE:AHL) today announced that it has initiated a search for a new Chief Financial Officer to replace Richard Houghton, who will be leaving the Company effective February 29, 2012 to pursue other opportunities. Mr. Houghton will remain in his role through the Company’s filing of its annual report on Form 10-K for the year ended December 31, 2011.

Julian Cusack, currently Chief Risk Officer of Aspen, will assume the role of acting Chief Financial Officer pending the appointment of a successor to Mr. Houghton. Prior to assuming his current role, Mr. Cusack was the Chief Financial Officer of the Company from its inception until April 2007. Stephen Postlewhite, currently Head of Risk, will assume the role of acting Chief Risk Officer.

Chris O’Kane, Chief Executive Officer of Aspen, said: “Richard has been an invaluable member of our Executive Management team for the past five years. He joined us with a specific mandate to take forward our finance and investment strategies and has accomplished this with considerable success. He has also greatly enhanced our operational infrastructure by overseeing numerous developments in our Human Resources and Information Technology functions. I have enjoyed working with Richard very much and thank him for his strong contribution to Aspen’s growth over the years. We wish him well in his future endeavors.”

He added: “Julian has in-depth knowledge of the Company and has previously performed this role with great success. We are fortunate to have him serve as Interim Chief Financial Officer to ensure a seamless transition, and I look forward to working with Julian again in this capacity as we complete our search process.”

Ends

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 Bermuda, France, Germany, Ireland, Singapore, Switzerland, the United Kingdom and the United States. For the year ended December 31, 2011, Aspen reported gross written premiums of $2,207.8 million, net loss of $105.8 million and total assets of $9.5 billion. Its operating subsidiaries have been assigned a rating of “A” (“Strong”) by Standard & Poor’s, an “A” (“Excellent”) by A.M. Best and an “A2” (“Good”) by Moody's Investors Service.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs