Aspen Re broadcasts new CEO

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Aspen Re has a brand new man on the helm.

With Thomas Lillelund leaving to return to AIG, Aspen Insurance coverage Holdings Restricted has named Emil Issavi as new chief govt of its reinsurance enterprise. Efficient instantly, the Aspen Re president and chief underwriting officer strikes as much as take over the reins from Lillelund, who is anticipated to stay till a clean transition is carried out.

“We’re delighted to call Emil as our new chief for Aspen Re,” commented Aspen’s group chief govt Chris O’Kane. “His appointment acknowledges the deep information and insights that he brings to the position with over 20 years within the reinsurance enterprise, together with 12 years at Aspen.

“As a highly-respected chief, Emil’s appointment will present continuity and is testomony to the numerous strength-in-depth that we now have throughout our management workforce at Aspen.”

The brand new Aspen Re boss has held the position of CUO since August 2012, and the president place since September 2014. He got here onboard in 2006 as casualty treaty head at Aspen Re America earlier than changing into the top of casualty reinsurance in 2008.

“I’m honored to have been appointed to steer Aspen Re,” stated Issavi, who started his profession at Gen Re. “The enterprise is a extremely revered participant in our chosen markets, we now have an impressive workforce of individuals, and we’re properly positioned to maintain the longstanding success of the enterprise shifting ahead.”

In the meantime O’Kane took the chance to thank Lillelund, who has been tapped to steer AIG’s new European entity in Luxembourg.

“I wish to categorical my honest gratitude to Thomas Lillelund for his vital contribution to Aspen Re over the past 10 years, most not too long ago as chief govt officer of Aspen Re and earlier than that as managing director of our Asia-Pacific enterprise,” he acknowledged. “We want him each success sooner or later.”


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