Aspen elevates CUO to lead reinsurance as CEO Lillelund resigns

Bermuda-based Aspen has appointed Emil Issavi, president and chief underwriting officer of Aspen Re, to lead its reinsurance business, succeeding CEO Thomas Lillelund.

Lillelund is leaving Aspen to take a senior leadership position with a global P&C insurance company. He is expected to remain with Aspen during the transition period.

Chris O’Kane, Aspen’s group chief executive officer, said: “We are delighted to name Emil as our new leader for Aspen Re. His appointment recognizes the deep knowledge and insights that he brings to the role with over 20 years in the reinsurance business, including 12 years at Aspen. As a highly-respected leader, Emil’s appointment will provide continuity and is testament to the significant strength-in-depth that we have across our leadership team at Aspen.

“I would like to express my sincere gratitude to Thomas Lillelund for his significant contribution to Aspen Re over the last 10 years, most recently as Chief Executive Officer of Aspen Re and before that as Managing Director of our Asia Pacific business. We wish him every success in the future,” O’Kane added.

Issavi commented: “I am honoured to have been appointed to lead Aspen Re. The business is a highly respected player in our chosen markets, we have an outstanding team of people and we are well positioned to sustain the long-standing success of the business moving forward.”

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