Financial

Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance group, aims to attract increased levels of third-party investor capital to its Aspen Capital Markets unit, through the introduction of “new and innovative” structures. The company announced its half-year results on Friday, revealing that the COVID-19 pandemic drove it to an after tax operating loss…

McGill & Partners, the boutique risk solutions firm launched by former Aon President Steve McGill, has announced the hiring of Angus Milgate as Head of Treaty Reinsurance, as well as a raft of hires expanding that team to 34 members. Angus Milgate was most recently Head of UK and Ireland for Aon’s Reinsurance division. He…

Ledger Investing, an insurance technology (insurtech) and insurance-linked securities (ILS) venture-backed start-up, has made a key hire in taking AIG’s Chief Risk Officer for North America General Insurance, Brad Fischtrom as its new Chief Operating Officer (COO). Ledger Investing launched in 2016 with a goal to create a business-to-business marketplace for the securitisation of insurance…

The Government of Hong Kong continues to make progress on its mission to bring insurance-linked securities (ILS) business to the Special Administrative Region, launching a consultation paper on the definition of eligible ILS investor, as well as minimum investment size guidance and penalties should these rules be breached. The Hong Kong Special Administrative Region (HK…