Aspen Re CUO Emil Issavi moves to Ryan Specialty Group; replacement revealed

Aspen Re president and chief underwriting officer and managing director of the Americas, Emil Issavi, is leaving the re/insurer to join specialty insurance services business Ryan Specialty Group (RSG).

Issavi will become a senior executive of RSG, RSG Underwriting Managers (RSGUM) and Ryan Re Underwriting Managers, an RSG affiliate company.

Issavi was appointed to lead Aspen's reinsurance business in August 2018, following the departure of CEO Thomas Lillelund.

Aspen has appointed Christian Dunleavy, currently managing director, Aspen Re and CEO and CUO of Aspen Bermuda to succeed Issavi as CUO of Aspen Re. Dunleavy will also join Aspen’s executive committee with immediate effect.

Additionally, Peter Emblin, currently managing director, London & Global head of specialty, Aspen Re, has been appointed senior managing director of Aspen Re.

Mark Cloutier, executive chairman and group CEO of Aspen, said: “I want to thank Emil for his many contributions to Aspen over the last 12 years. Emil has been instrumental in helping us build a strong reinsurance platform with a talented team, positioning Aspen well for continued success. We wish him all the best with his new opportunity and look forward to maintaining a close working relationship with him in his new role.”

Patrick Ryan, founder, chairman, and CEO of RSG, commented: “We are pleased to welcome Emil to Ryan Specialty Group as a senior executive of RSG, RSGUM, our managing general underwriting division, and Ryan Re, our new reinsurance managing general underwriter. Emil brings deep knowledge and insights to the role with his 25 years in the reinsurance business. With Emil’s long and impressive career at Aspen, we look forward to expanding our strong relationship with Aspen.”

Cloutier added, “I look forward to working closely with Christian and Peter in their new roles as they oversee our successful Aspen Re business. Christian and Peter have both served in a number of senior leadership roles within Aspen Re, and we have the utmost confidence in their ability to continue driving the business forward. Their appointments not only provide continuity for our customers, trading partners and associates but also illustrates the depth of talent and experience within our group.”

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