Aspen UK appoints Sarah Stanford as new CEO

Aspen Insurance coverage has confirmed Sarah Stanford because the CEO of its UK enterprise after securing clearance for the transfer from its UK boards.

Stanford, who has served because the CEO on an interim foundation since 17 January, was the energetic underwriter for Lloyd’s Syndicate 4711.

Underneath Stanford’s management, Syndicate 4711, which accounts for roughly 75% of Aspen’s UK enterprise, is claimed to have reported outstanding development.

In 2022, the Syndicate’s gross written premiums (GWP) reached £838.6m ($1.08bn), and it achieved a mixed working ratio (COR) of 75.4%, making it considered one of Lloyd’s top-performing Syndicates for the 12 months.

In 2023, Stanford spearheaded the launch of Aspen Digital, which supplies further, digital-only comply with capability in partnership with Ki.

Stanford’s expertise spans greater than two-and-a-half a long time within the insurance coverage sector.

She grew to become a part of Aspen in 2007 and served in numerous management positions together with Worldwide Administration Legal responsibility and Skilled Strains head, earlier than changing into Lively Underwriter of Lloyd’s Syndicate 4711 in 2019.

Previous to her stint at Aspen, Stanford held underwriting roles at Restrict MJ Harrington Syndicate 2000/QBE.

Stanford stated: “I’m delighted that Dan has agreed to tackle the mixed function of CUO AIUK and Lively Underwriter for Aspen’s Syndicate 4711, a place I maintain expensive and that can stay essential as Aspen continues to strengthen its London and Lloyd’s presence.

“I’m notably proud that we had been capable of promote Dan and recognise the breadth of expertise now we have within the group. As CUO AIUK and Lively Underwriter of Syndicate 4711, Dan will assist drive Aspen’s industrial technique with higher integration into Aspen’s general enterprise targets.”

With Stanford’s transition to CEO, Dan Osman will tackle her earlier function as energetic underwriter of Lloyd’s Syndicate 4711, along with retaining his duty as chief underwriting officer for Aspen Insurance coverage UK.

Osman’s expertise features a 17-year stint within the banking trade earlier than becoming a member of Aspen in January 2018.

Aspen Insurance coverage’s appointments proceed as the corporate prepares for a proposed preliminary public providing, having filed a Type F-1 registration assertion with the US Securities and Alternate Fee in December.

The corporate’s latest appointments embody Edward Hart as worldwide head of cyber and Andrew Dyer as chief threat officer for its UK enterprise.

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