UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2024
Commission File Number: 001-31909
ASPEN INSURANCE HOLDINGS LIMITED
(Translation of registrant’s name into English)
141 Front Street
Hamilton HM 19
Bermuda
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ý Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ¨ No ý
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ¨ No ý
On January 17, 2024, Aspen Insurance Holdings Limited (the “Company”) issued a press release announcing that Sarah Stanford, who currently serves as Active Underwriter of the Company's Lloyd's operations, will assume the role of Chief Executive Officer of the Company's UK operations on an interim basis, with immediate effect.
Ms. Stanford's interim appointment follows the resignation of Richard Milner, who will be leaving the Company to pursue other opportunities. Mr. Milner's resignation was not the result of any disagreement with the Company. The Company appreciates Mr. Milner's contributions to the Company and its UK operations over the past few years and wishes him success in his new role.
The press release, furnished as Exhibit 99.1 to this Form 6-K, is incorporated by reference as part of this Form 6-K.
The information included in this Form 6-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
EXHIBIT INDEX
Exhibit
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| | | | ASPEN INSURANCE HOLDINGS LIMITED |
| | | |
| Dated: January 17, 2024 | | | | By: | | /s/ Christopher Coleman |
| | | | Name: | | Christopher Coleman |
| | | | Title: | | Chief Financial Officer |
ASPEN APPOINTS SARAH STANFORD AS INTERIM CEO, ASPEN UK
Hamilton, Bermuda, 17 January 2024 - Aspen Insurance Holdings Limited (“Aspen”) today announces the appointment of Sarah Stanford as interim CEO, Aspen UK, effective immediately.
Sarah is currently Active Underwriter, Lloyd’s Syndicate 4711, which represents approximately 75% of Aspen’s UK business. Under her leadership, the Syndicate has seen substantial progress, reporting significant growth to £838.6 million in GWP and delivering a 75.4% COR in 2022, while becoming one of Lloyd’s best performing Syndicates of the year. In 2023, Sarah led the creation of Aspen Digital, which provides additional, digital-only follow capacity, in an industry-first partnership with Ki.
Sarah has over 25 years’ experience in the industry. She joined Aspen in 2007 and has held several senior roles, including Head of International Management Liability and Professional Lines, before being appointed Active Underwriter of Aspen’s Lloyd’s Syndicate 4711 in 2019. Before Aspen, she worked in underwriting positions at Limit MJ Harrington Syndicate 2000/QBE.
Sarah will continue to report to Mark Cloutier, Executive Chairman and Group CEO, and to be a member of the Group Executive Committee. Sarah takes over from Richard Milner, who will be leaving Aspen on 31 March to pursue other opportunities. A formal selection process is underway to confirm a permanent CEO, subject to Board and regulatory approval, which will be announced in due course. In the meantime, and in addition to her interim UK CEO responsibility, Sarah will continue in her position as Active Underwriter.
Mark Cloutier, Executive Chairman and Group CEO said: "I am pleased that Sarah is stepping in as interim UK CEO. As Active Underwriter of Syndicate 4711, Aspen’s core platform in the UK, she brings an impressive track record and credentials in the form of a robust performance, innovative progress, and a solid market reputation for the Syndicate.”
“Sarah’s interim appointment into the role showcases the depth of talent we have within our team at Aspen and the strength of our succession planning.
“I would like to thank Richard Milner for his many contributions to Aspen over the past four years and wish him well in his future endeavors."
Ends
For further information:
Media
Cecile Locurto
Vice President, Aspen Group Communications
Cecile.Locurto@aspen.co
646.352.2828
Tom Blackwell,
Managing Director, FTI Consulting
Tom.Blackwell@fticonsulting.com
+44 (0) 7747 113 919
About Aspen Insurance Holdings Limited
Aspen provides insurance and reinsurance coverage to clients in various domestic and global markets through wholly-owned operating subsidiaries in Bermuda, the United States and the United Kingdom, as well as its branch operations in Canada, Singapore and Switzerland. For the year ended December 31, 2022, Aspen reported $15.2 billion in total assets, $7.7 billion in gross reserves, $2.4 billion in total shareholders’ equity and $4.3 billion in gross written premiums. Aspen's operating subsidiaries have been assigned a rating of “A-” by Standard & Poor’s Financial Services LLC and an “A” (“Excellent”) by A.M. Best Company Inc. For more information about Aspen, please visit www.aspen.co.
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