Aspen Insurance CEO explains how he is repositioning the company

Some 18 months ago, Stephen Postlewhite, chief executive officer of Aspen Re, was moved to head up the group’s insurance business and tasked with repositioning the business and implementing a new business model. He spoke to Intelligent Insurer about his achievements so far and the challenges to come.

“The previous management team were tasked with making the business relevant and securing growth. That was their mantra. Since we repositioned the business last year under our Global Management, Regional Execution model, that focus has changed.

“We needed an approach which recognised the challenging pricing conditions and the relative strength of the market for each of our products, with the aim of creating an optimal portfolio under this new structure. This has been successful and we now have a business with a strong, consistent foundation that is delivering valued products to our brokers and clients wherever they do business.”

That is how Stephen Postlewhite, chief executive officer of Aspen Insurance, compares the change in the business’s approach since he took the reins some 18 months ago. The former group chief risk officer and CEO of Aspen Re was given the job of repositioning the company’s insurance business and the goal of creating a business that consistently performs within the top quartile of its peer group.