Aspen Insurance UK Appoints Karl Mayr as a Non-Executive Director
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) is announcing today the appointment of Karl Mayr as a non-executive director of Aspen Insurance UK Limited (“AIUK”).
Mr. Mayr has worked in the reinsurance industry for over 35 years, most recently as Vice Chairman of Axis Reinsurance until 2014 and before that as President and CEO of Axis Reinsurance Europe. Prior to this, he spent over 20 years at GE Frankona Reinsurance Company. Mr. Mayr currently holds a directorship with W”urzburger Versicherung AG.
Chris O’Kane, Aspen’s Group Chief Executive, said: “I am delighted that Karl has agreed to join the AIUK Board. I have known him for many years and he is very highly respected within our industry. The breadth of his financial services background and in particular the substantial experience and insights he has of global reinsurance markets will be a great asset to us as we develop further our reinsurance footprint. I would like to welcome Karl to our UK Company Board as a non-executive director and I very much look forward to working with him.”
NOTES TO EDITORS:
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France, Germany, Ireland, Singapore, Switzerland, the United Kingdom and the United States. For the year ended December 31, 2014, Aspen reported $10.7 billion in total assets, $4.8 billion in gross reserves, $3.4 billion in total shareholders’ equity and $2.9 billion in gross written premiums. Its operating subsidiaries have been assigned a rating of “A” (“Strong”) by Standard & Poor’s Financial Services, an “A” (“Excellent”) by A.M. Best Company Inc. and an “A2″ (“Good”) by Moody’s Investor Service, Inc.
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995
This press release contains “forward-looking” statements regarding future results and events, including, without limitation, statements regarding the appointment of directors and achievement of Aspen’s strategies. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as “expect,” “intend,” “plan,” “believe,” “do not believe,” “aim,” “project,” “anticipate,” “seek,” “will,” “likely,” “assume,” “estimate,” “may,” “continue,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target” and similar expressions of a future or forward-looking nature.
All forward-looking statements rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside Aspen’s control that could cause actual results to differ materially from such statements. For a detailed description of uncertainties and other factors that could impact the forward-looking statements in this press release, please see the “Risk Factors” section in Aspen’s Annual Report on Form 10-K for the year ended December 31, 2014 filed with the U.S. Securities and Exchange Commission on February 23, 2015. Aspen undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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