Chairman Brian Boornazian to leave Aspen Re

Brian Boornazian, left, and Emil Issavi

Aspen Insurance Holdings Ltd. said Thursday that Brian Boornazian is leaving as chairman of its reinsurance segment, Aspen Re, and as CEO of Aspen Re, Americas, at the end of April.

Mr. Boornazian, 58, is retiring after 14 years with Aspen, the Bermuda-based insurer and reinsurer said in a statement. His roles will not be replaced. Prior to Aspen, he worked at XL Re America.

Emil Issavi, president and chief underwriting officer of Aspen Re, will continue to lead Aspen’s reinsurance business in the Americas.

In a statement, Group CEO Chris O’Kane thanked Mr. Boornazian “for his outstanding service to Aspen over the last 14 years.”