Aspen Insurance, a provider of reinsurance and insurance coverage, has appointed of Mario Vitale as new president of US Insurance, effective 21 March.
The company said that this appointment strengthens its leadership team in the US further as it seeks to leverage the investment it has made in developing the US operations to build its franchise in US insurance market.
As president of Aspen US Insurance, he will be a member of the Aspen group executive committee and will report to John Cavoores, who was appointed co-CEO of Aspen Insurance in October 2010 and has executive oversight for Aspen’s US insurance operations.
Vitale has 34 years of industry experience in various industry leadership positions. He will join Aspen from Zurich Financial Services, where he was CEO, global corporate with responsibility for all Zurich global corporate business in North America and more recently in Latin America, Europe, Middle East and Asia/Pacific.
Aspen CEO Chris O’Kane said building a strong US insurance franchise is a core component of the company’s strategy.
"In the last 12 months we have put a number of important building blocks in place in the US with the acquisition of an admitted shell company, the appointment of a number of specialist underwriting teams and the development of a robust infrastructure with the addition of operational, actuarial, claims and legal expertise on the ground," O’Kane said.