Aspen Insurance Holdings, a Bermuda-based property and casualty reinsurer, has appointed Mario Vitale as co-CEO, with effect from 1 January 2012 when John Cavoores steps down from the role.
As co-CEO, Vitale will work jointly with Rupert Villers, co-CEO of Aspen Insurance in developing Aspen’s insurance operations. Cavoores will remain a director of Aspen.
The insurer said, this appointment is in addition to Vitale’s current responsibility as president of Aspen US Insurance.
Aspen Insurance Holdings CEO Chris O’Kane said he has strengthened the US insurance operations in particular and provided a firm foundation from which to build presence in the US market.
The company provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France, Germany, Ireland, Singapore, Switzerland, the UK and the US.