Aspen Insurance Holdings Limited (“Aspen” or the “Company”) (NYSE: AHL) announces a directorate appointment.
Aspen announces that Bret Pearlman has been appointed as a non-executive director of the Company. Mr. Pearlman will also be a member of Aspen’s Corporate Governance and Nominating Committee and the Investment Committee.
Mr. Pearlman is a Managing Director and co-founder of the private equity firm, Elevation Partners. He has extensive experience as a private equity investor in large-scale transactions during his twenty year career. Mr. Pearlman joined The Blackstone Group in 1989 as the firm's first analyst and from 2000 through mid-2004, he was one of a number of Senior Managing Directors whose primary responsibility was investing Blackstone's private equity funds. Blackstone was a founding investor in Aspen and Mr. Pearlman served as the firm’s representative on Aspen’s Board from June 2002 until July 2004. Since co-founding Elevation in 2004, Mr. Pearlman has served as Chair and a board member of VGH Holdings and he is currently on the board of directors of Forbes Media.
Glyn Jones, Chairman of Aspen, said: “I am delighted that Bret is joining the Aspen Board. His wealth of financial services experience, in particular in the area of private equity where he has had significant exposure to a broad range of issues including performance management, corporate finance and capital management, will be a great asset to Aspen. I would like to welcome Bret back to the Aspen Board and I look forward to working with him in the future.”About Aspen Insurance Holdings Limited (“Aspen”) 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, 2012, Aspen reported $10.3 billion in total assets, $4.8 billion in gross reserves, $3.5 billion in shareholders’ equity, and $2.6 billion in gross written premiums. 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.
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