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Aspen US to concentrate on specialty casualty lines

Aspen US to concentrate on specialty casualty lines

Aspen US Insurance, part of Hamilton, Bermuda-based Aspen Insurance Holdings Ltd., will switch its casualty business from a general casualty model to a specialty casualty business, realigning its U.S. casualty operations into four product lines, the company said in a statement Thursday.

Product teams in three regions — east, central, and west — will service business across the product lines, real estate/hospitality, construction, excess liability, and products liability, to “better serve broker partners” New York-based Aspen US said in its statement.

Aspen aims to use the new structure as a platform for growth of the business, according to a spokeswoman.

“The specialty casualty market in the U.S. is complex and requires deep expertise and creative solutions. We are now even more strongly placed to support the unique needs of our broker partners and clients,” Roxanne Mitchell, executive vice president and chief casualty officer, said in the statement.

Ms. Mitchell joined Aspen in May with nearly 20 years of experience at Lexington Insurance Co. and was most recently president of excess and surplus lines at XL Group P.L.C.

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