Aspen plucks AXA XL leader to spearhead ‘ambitious’ reinsurance strategy

Aspen Insurance Holdings has tapped an experienced executive from  AXA XL to take the reins as its reinsurance chief underwriting officer and spearhead its “ambitious” strategy for the segment.

John Welch (pictured) joins Aspen as CUO reinsurance. He will be based in Stamford, CT.

Welch was most recently chief executive, domestic markets at AXA XL Re, where he led local reinsurance underwriting teams around the world. He previously held a number of senior roles at AXA XL, XL Catlin Group and XL Group. He has over 30 years of global experience in reinsurance.

In his new role, Welch will lead and be accountable for Aspen Reinsurance, including designing and delivering the underwriting strategy for the segment. He will report to Christian Dunleavy, group chief underwriting officer, and join the group executive committee.

Dunleavy said: “John is an excellent addition to the Aspen family. He is an established leader in the reinsurance industry with an impressive track record of building new businesses and driving profitable growth. John will play a crucial role driving Aspen’s ambitious agenda for its reinsurance segment.”

Welch commented: “I am impressed by the quality and expertise of Aspen’s team and the strong results of Aspen and its reinsurance segment. The business is at an exciting point, and I look forward to working with Aspen Re’s customers on their risk management challenges.”

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