Aspen announces leadership changes

Bermuda-based Aspen Insurance Holdings has announced new leaders for its insurance and reinsurance segments, with Thomas Lillelund taking the place of Aspen Re chief executive after Stephen Postlewhite was appointed Aspen Insurance chief executive.

These appointments follow the announcement by Mario Vitale of his intention to retire from Aspen. Mr. Vitale has been the chief executive officer of Aspen Insurance since 2012 and he will remain with Aspen until 30 June to ensure a smooth transition. 

Aspen’s chief executive Chris O’Kane, said: “The leadership changes announced today reflect our strategy of continuing to build strong, diversified insurance and reinsurance platforms for the benefit of our clients, business partners and investors”. He added: “”Thomas is an extremely gifted leader who established our Singapore office in 2008, and he has built a highly successful and profitable business across the Asia Pacific region. I believe he is the right person to build on Stephen’s strong track record.” 

In addition, Aspen U.S. Insurance president Robert Rheel announced his intention to retire from Aspen after 35 years in the industry. The company is conducting a search for his successor and Mr. Rheel will remain with Aspen until the end of June to assist with the transition.