Aspen shakes up executive lineup, Edwards replaces Cain as UK insurance CEO
Bermuda-based Aspen Insurance Holdings has promoted Clive Edwards to chief executive officer (CEO) of Aspen Insurance UK (AIUK) and Aspen Managing Agency (AMAL).
Edwards succeeds Mike Cain, who has been appointed to the position of group chief operating officer (COO).
Edwards was most recently co-chief underwriting officer of AIUK. He will be replaced by Henry MacHale and Jamie Lewis as the co-CUOs for AIUK, for insurance and reinsurance respectively.
MacHale will retain their roles as global head of specialty for Aspen Insurance, while Lewis will continue to serve as head of London, Aspen Re, and Specialty Re global product head. Lewis will also retain his role as deputy active underwriter of Aspen’s Lloyd’s syndicate 4711.
Additionally, Hannah Purves has been appointed as a non-executive director of AIUK and it is proposed that she will join the board of AMAL in due course.
Purves was previously a board director and claims director at Markel International with responsibility for a claims team of over 130 people located throughout Europe, Canada, Asia and Latin America. She also served as a board member and deputy chair of the Lloyd’s Market Association claims committee from 2014 to May 2019.
Mark Cloutier, executive chairman and group chief executive officer, said: “Clive was part of the original team at the outset of Aspen and has continually demonstrated an outstanding capability as an underwriting leader. His proven experience and expertise, and the high esteem in which he is held in the UK market, make him very well qualified to take on these roles.”
He added: “I am delighted to welcome Hannah to Aspen. She has an industry-leading claims reputation which will add further depth to our strategic focus on arguably the most important service that we deliver.”
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