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Member, Beacon International Group, Ltd.
Aspen Reinsurance, the reinsurance unit of Hamilton, Bermuda-based Aspen Insurance Holdings Ltd., has formed a dedicated brokered facultative unit within its U.S. operation called Rock Re, Aspen said Tuesday.
The unit will operate from Rocky Hill, Conn., and be led by Russ Wagner as senior vice president and manager of Rock Re. Previously he was senior vice president and property facultative manager at Aspen.
In addition, Jim Connors will join Rock Re as vice president and assistant manager. He previously was vice president and underwriter at Montpelier Re Holdings Ltd.
Andrew Lombardo, previously vice president and underwriter at Montpelier, will join Rock Re as assistant vice president.
“Aspen Re has primarily written property facultative business on a direct basis and, while this will continue to be a key focus for us, we are establishing Rock Re with a dedicated team to better serve the needs of the broker marketplace,” Brian Boornazian, chairman of Aspen Re, said in a statement.