Aspen shuffles leadership, appoints new CEOs and adds ex-Lloyd’s to board

Bermuda-based re/insurer  Aspen Insurance Holdings has revealed several management changes including the appointment of Lloyd's and Swiss Re executive Theresa Froehlich, and new chief executive officers of the US and UK.

Bruce Eisler has been promoted to chief underwriting officer (CUO) of Aspen Insurance, succeeding David Cohen who has left the company. Eisler has also been appointed CEO of Aspen US.

Richard Milner, who joined the company in February 2020 as senior managing director, Aspen Re International, has been appointed CEO of Aspen UK, subject to regulatory approval.

Christian Dunleavy will remain in his role as chief underwriting officer, Aspen Re and chief executive officer of Aspen Bermuda.

Froehlich has been appointed to its board as a non-executive director, in addition to her roles as chair of Aspen Insurance UK (AIUK) and non-executive director of AIUK and Aspen Managing Agency (AMAL).

Froehlich held senior executive roles at Lloyd’s of London from 2010 to 2016 including interim director, performance management, where she had responsibility for all commercial aspects of oversight of the market and setting underwriting standards, and head of underwriting performance. Prior to that, she also held roles at Swiss Re, including head of transactions UK, Admin Re, and head of strategic initiatives.

Mark Cloutier, executive chairman and group chief executive officer, said: “I am delighted that Theresa is joining the Aspen Board. Since she joined the Boards of AIUK and AMAL she has brought her expertise and insight to bear and has been a valuable asset to our strong team of directors. I look forward to working with her in this additional role.”