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Aspen faucets new group CFO

Aspen Insurance coverage Holdings has introduced that Chris Coleman (pictured above) has been appointed to the position of group chief monetary officer, efficient Tuesday. He will likely be based mostly in Bermuda and can be a part of Aspen’s government committee. Coleman replaces present Group CFO Kevin Chidwick, who has introduced his retirement and can depart Aspen on the finish of the 12 months.

Coleman was most not too long ago CFO of Third Level Re till its merger with Sirius Group. He brings to Aspen intensive transaction and capital markets expertise, together with the current acquisition of Sirius Group by Third Level Re and Third Level Re’s IPO. Coleman additionally held key roles in a number of different merger, debt and fairness transactions. He beforehand served as CFO of Alterra Bermuda Restricted, chief accounting officer of Harbor Level Restricted, and as a senior audit supervisor with PwC.

“I’m excited to be becoming a member of Aspen at such a key time in its turnaround journey,” Coleman mentioned. “Aspen has taken numerous actions to this point which have begun to take form, and I’m trying ahead to working with the workforce to construct on this momentum. I sit up for bringing my information and expertise to make a constructive influence on the tradition and to assist drive enchancment within the underlying outcomes of the enterprise.”

Learn subsequent: Aspen moves back into the black with H1 2021 results

“As we proceed to speed up into the following section of our transformation, Chris’ observe document of serving to to drive robust monetary outcomes in high-performing insurance coverage companies will likely be a beneficial addition to our group government management workforce,” mentioned Mark Cloutier, government chairman and group CEO at Aspen. “Chris will accomplice with every member of the group government committee, together with Mark Pickering, our group chief capital administration officer and treasurer, who will proceed to guide our capital administration technique and company finance initiatives.”

Cloutier additionally praised Chidwick for his work as CFO.

“Throughout his time at Aspen, Kevin has performed an essential position in serving to return the enterprise to profitability, regardless of a difficult market setting,” he mentioned. “With the group now ready to look in the direction of its longer-term strategic targets, we respect Kevin’s personal time horizon and determination to retire. In Chris we have now recognized the best successor, and I’m happy that we have now been capable of ship a easy transition interval. On behalf of the board, I want to thank Kevin and want him properly in his retirement.”

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