Top Canopius leader and 40+ years Lloyd’s market vet appears at Aspen

Bermuda-based  Aspen Insurance Holdings has appointed a 40-year London market veteran and  Canopius’ most recent chief underwriting officer to its UK boards to support its growth trajectory and enhance value for all stakeholders.

Mike Duffy (pictured) is to join Aspen Managing Agency (AMAL) and Aspen Insurance UK (AIUK) boards as a non-executive director, effective February 1, 2023.

Duffy will join the AMAL and AIUK (together, Aspen UK) boards as senior independent non-executive director (SID), chair of the nominations committee, and chair of the governance committee, subject to regulatory approval.

Canopius revealed last May that Duffy is set to retire and leave the company in May 2023 after more than 16 years of service and more than 40-year insurance career. He has held numerous roles in the Lloyd’s and London market and abroad across underwriting and broking. He was most recently group chief underwriting officer for Canopius, where he held several Board roles across the Canopius corporate group of entities. In addition, he has held numerous leadership positions across a range of broking and insurance groups.

During his extensive career, Duffy gained significant risk, governance, transaction and regulatory experience across the UK, US, Bermuda and Singapore insurance and reinsurance markets.

Richard Milner, chief executive officer, Aspen UK, said: “I am delighted that Mike is joining the Aspen U.K. Boards. His extensive experience in the sector will add further depth and guidance. We look forward to welcoming his insights and expertise as we continue to deliver against our strategic vision for Aspen as a leading, global specialty insurer and reinsurer.”

Duffy commented: “I am excited to join the Aspen U.K. Boards at a time when the business is continuing to demonstrate its potential and deliver strong performance. I look forward to working with my fellow Board members, and the wider leadership team, to help Aspen continue its trajectory and deliver value for all its stakeholders.”

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