AuM data
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The hire comes as the ILS firm grows its asset base during a surge in cat bond popularity.
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The group will look to build on synergies between its insurance platforms.
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The deal expanded scope of Aspen’s delegated underwriting operations across both US and European operations run by Ryan Specialty.
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The firm will look to grow its offerings on climate change and natural catastrophe risk.
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The pair have helped to lead the life and alternative credit team since January 2020.
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He will replace Jonathan Malawer, who held the position for fourteen years and has left to join a new firm focussed on climate risk investments.
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The firm said he would oversee transactions and assist in growing AuM.
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The business has reported sustained strong growth in its programs segment.
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The London-based manager said the open-ended fund structure was no longer “optimal” for mingling life and non-life exposures.
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The topic of quota-share support is becoming all the more crucial because supply is shrinking at the same time as demand is rising.
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The Dutch firm had given the AIG-owned platform a mandate that could range from EUR500mn to EUR1bn, covering US cat reinsurance.