Life Insurance

Aspen taps new group CFO

Aspen Insurance Holdings has announced that Chris Coleman (pictured above) has been appointed to the role of group chief financial officer, effective Tuesday. He will be based in Bermuda and will join Aspen’s executive committee. Coleman replaces current Group CFO Kevin Chidwick, who has announced his retirement and will leave Aspen at the end of the year.

Coleman was most recently CFO of Third Point Re until its merger with Sirius Group. He brings to Aspen extensive transaction and capital markets experience, including the recent acquisition of Sirius Group by Third Point Re and Third Point Re’s IPO. Coleman also held key roles in several other merger, debt and equity transactions. He previously served as CFO of Alterra Bermuda Limited, chief accounting officer of Harbor Point Limited, and as a senior audit manager with PwC.

“I am excited to be joining Aspen at such a key time in its turnaround journey,” Coleman said. “Aspen has taken a number of actions to date that have begun to take shape, and I’m looking forward to working with the team to build on this momentum. I look forward to bringing my knowledge and experience to make a positive impact on the culture and to help drive improvement in the underlying results of the business.”

Read next: Aspen moves back into the black with H1 2021 results

“As we continue to accelerate into the next phase of our transformation, Chris’ track record of helping to drive strong financial outcomes in high-performing insurance businesses will be a valuable addition to our group executive leadership team,” said Mark Cloutier, executive chairman and group CEO at Aspen. “Chris will partner with each member of the group executive committee, including Mark Pickering, our group chief capital management officer and treasurer, who will continue to lead our capital management strategy and corporate finance initiatives.”

Cloutier also praised Chidwick for his work as CFO.

“During his time at Aspen, Kevin has played an important role in helping return the business to profitability, despite a challenging market environment,” he said. “With the group now in a position to look towards its longer-term strategic objectives, we respect Kevin’s own time horizon and decision to retire. In Chris we have identified the ideal successor, and I am pleased that we have been able to deliver a smooth transition period. On behalf of the board, I would like to thank Kevin and wish him well in his retirement.”

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