Aspen Insurance Holdings chief risk officer, Julian Cusack, has decided to step down from his role—effective immediately—after more than ten years with the firm.
Cusack is a co-founder of Aspen who has held a number of positions within the firm, including chief financial officer and chairman of Aspen Bermuda Limited (ABL).
Aspen’s current head of risk, Stephen Postlewhite, will take over Cusack’s vacated position.
Chris O’Kane, CEO of Aspen, said: “Cusack has been an invaluable member of our executive management team for the past decade and no one has done more to ensure that our capital and risk management framework has remained robust and resilient, particularly during prolonged periods of economic and market uncertainty.”
“He has made an enormous contribution to Aspen’s growth and development and we are delighted that he is staying with us and retaining responsibility for strategic projects and as chairman of ABL.”
Aspen has also appointed Gordon Ireland as a non-executive director of the firm.
Ireland previously held the role of chief executive and director of L&F Indemnity Holding Company, the captive insurance company for PricewaterhouseCoopers.
Glyn Jones, chairman of Aspen, said: “I am delighted that Ireland is joining the Aspen Board. His wealth of accounting experience and deep knowledge of the insurance and broader financial services sector will be a great asset to Aspen.”
