Aspen Insurance (NYSE:AHL)
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Aspen Specialty to Expand into Georgia and Arizona with the
Addition of Two New Underwriting Officers
HAMILTON, Bermuda, Aug. 18 /PRNewswire-FirstCall/ -- Aspen Insurance Holdings
Limited (NYSE:AHL)(BSX:AHLBSX:BH) today announced that Aspen Specialty
Insurance Company, a wholly owned subsidiary, will open offices in Atlanta,
Georgia and Scottsdale, Arizona. Janet Lovell and Glen Plagmann will lead
underwriting efforts in Georgia and Arizona, respectively.
"Janet and Glen each have over twenty-five years of progressive underwriting
and management experience," said Peter Coghlan, President and Chief Executive
Officer, Aspen Specialty. "We are thrilled to announce the addition of such
expertise to the Aspen team. I am confident in their ability to expand the
geographic reach of Aspen Specialty's business while maintaining excellence in
underwriting."
Ms. Lovell will be based in Atlanta, GA. Most recently, she served as Excess
and Surplus Underwriting Manager at General Electric Insurance. Prior to that,
Ms. Lovell was the Atlanta Branch Manager with The Hartford/ First State
Management Company, where she first worked with Peter Coghlan and Chris
Maciejewski, Executive Vice President, Aspen Specialty.
Mr. Plagmann will be based in Scottsdale, AZ. Prior to joining Aspen
Specialty, Mr. Plagmann held the position, Director of Specialty Property,
Colony Insurance Company. Previously Mr. Plagmann spent over ten years with
Scottsdale Insurance Company where he started the company's Brokerage Property
division in 1986.
"Aspen Specialty plans to be a leader in the surplus arena and opening offices
in Georgia and Arizona are key steps toward achieving our goal," said Mr.
Coghlan. "Georgia has a very robust surplus lines market and we will better
serve the southeast region with a local office. Arizona is also a strategic
base as it will open a path to the western states."
Aspen Specialty, with its headquarters in Boston, MA, currently writes a
focused book of property and casualty surplus lines business, through the U.S.
wholesale surplus lines broker network.
About Aspen Insurance Holdings Limited
Aspen Insurance Holdings Limited (Aspen) was established in June 2002. Aspen is
a Bermudian holding company that provides property and casualty reinsurance in
the global market, property and liability insurance principally in the United
Kingdom and surplus lines insurance in the United States. Aspen's operations
are conducted through its wholly owned subsidiaries located in London, Bermuda
and the United States: Aspen Insurance UK Limited (Aspen Re), Aspen Insurance
Limited (Aspen), Aspen Specialty Insurance Company (Aspen Specialty) and Aspen
Re America Inc (Aspen Re America). Aspen's reinsurance segment consists of
property reinsurance, casualty reinsurance and specialty reinsurance lines of
business. Aspen's insurance segment consists of commercial property, commercial
liability and U.S. surplus insurance lines of business. Aspen's principal
existing shareholders include The Blackstone Group, Candover Partners Limited,
Wellington Underwriting plc and Credit Suisse First Boston Private Equity.
DATASOURCE: Aspen Insurance Holdings Limited
CONTACT: Investor - Noah Fields, Head of Investor Relations, or Julian
Cusack, Chief Financial Officer, both of Aspen Insurance Holdings Limited,
+441-297-9382; or US - Carina Thate, or Jason Thompson, both of The Abernathy
MacGregor Group, +1-212-371-5999, for Aspen Insurance Holdings Limited; or UK
- Emma Burdett, or Brian Hudspith, both of The Maitland Consultancy,
+44-20-7379-5151; for Aspen Insurance Holdings Limited