Advertise
Resources
Member, Beacon International Group, Ltd.
HAMILTON, Bermuda—Aspen Insurance Holdings Ltd. said Monday that Mario Vitale, who had been co-CEO of Aspen Insurance, will be its sole CEO effective July 1.
Mr. Vitale will manage the day-to-day business of Aspen Insurance globally and is tasked with executing Aspen Insurance's business strategy.
He also will continue to serve as president of U.S. insurance, managing Aspen Insurance's U.S. underwriting teams and its U.S. insurance operating platform.
Rupert Villers, who had been co-CEO, will assume a new position as chairman of Aspen Insurance and president of Aspen International Insurance, the company said.
“Since early 2011, Aspen Insurance has had considerable success in realizing its strategic objectives under the combined leadership of Rupert Villers and Mario Vitale,” Aspen Insurance Holdings Ltd. CEO Chris O’Kane said in a statement. “As a result of the changes, Aspen will continue to benefit from Rupert Villers’ expertise and has put in place a firm foundation for the future strategic leadership and direction of our insurance business under Mario Vitale.”