Aspen UK boosts board with former Axis Re vice-chair

Aspen Insurance has strengthened its board with the appointment of Karl Mayr as a non-executive director of Aspen Insurance UK.

Mayr most recently served as vice chairman of Axis Re until 2014 and before that as president and chief executive officer of Axis Re Europe. Prior to this, he spent over 20 years at GE Frankona Reinsurance Company.

Chris O’Kane, Aspen’s chief executive, said: “I am delighted that Karl has agreed to join the Aspen Insurance UK board. I have known him for many years and he is very highly respected within our industry.

“The breadth of his financial services background and in particular the substantial experience and insights he has of global reinsurance markets will be a great asset to us as we develop further our reinsurance footprint. I would like to welcome Karl to our UK company board as a non-executive director and I very much look forward to working with him.”