
Jon Kattman Named Head of Inland Marine
We are pleased to announce Jon Kattman has been appointed Head of Inland Marine for Aspen Insurance. Jon has been with Aspen since 2017 and...
Mark Cloutier, Group Executive Chairman and Chief Executive Officer, commented: “I am pleased to report an improved half year performance for Aspen, driven by a combination of improved underwriting results and further expense and efficiency gains. Against the backdrop of a global pandemic, to have delivered the progress we have is, ultimately, a reflection of the quality of our people, our platform, and the clarity of our vision.
“We are at heart an underwriting business and I am, therefore, encouraged that we are continuing on the journey to becoming a more disciplined, focused and performance driven global specialty (re)insurer. This is reflected in our underwriting performance, including an ex-catastrophe combined ratio of 89.9% and an overall combined ratio of 98.0%, despite the impact of Winter Storm Uri and an increased COVID-19 provision. Furthermore, we are a simpler business today than we were twelve months ago, and this is reflected by our ongoing focus on expense discipline, with our operating expense ratio improving to 14.8% and our general and administrative expense ratio seeing a 0.9% year-on-year reduction from our H1 2020 results.”
To read the full release here