The Aspen story is one that in many ways mirrors the global wholesale specialty insurance and reinsurance markets that we know and love so much.
After a few years of relative underperformance – nothing catastrophic or life-threatening but underperformance nonetheless – Aspen now finds itself in the hands of private equity in the form of serial industry investor Apollo.
Mark Cloutier is in post to turn Aspen around for its new owner just at the time that much of the market is taking similar remedial action to improve performance.
Mark and Apollo have done this successfully before and that’s why this is such a good episode to get wrapped up in.
After all If you are openly turning something around for a sale you have to be building the sort of long-term value that a new owner is going to be looking to acquire.
Finding out how Mark plans to do this gives a lot of insight into how one of the smartest investors in our sector thinks.
LINK:
We thank our supporter, Claims Direct Access (CDA) for their support today.
Here is a link to their website:
https://www.claimsdirectaccess.com/
Ep179 Antony Erotocritou CEO Ardonagh Specialty: We’re not slowing down
Ep178 Tony Ursano of Insurance Advisory Partners: A ton of fun!
Special Ep Paul Templar and Sebastian Prosser of VIPR: Stop throwing people at the problem
Special Ep Warren Downey & Lee Anderson of Specialist Risk Group: Building a natural home for specialists
Ep177 Chris Killourhy QBE Re: Balance is critical
EP176 Lorraine Harfitt of Asta: People, Plan, Capital.
Ep175 Julian James, Sompo International: A Degree of Equilibrium
Ep174 James Drinkwater, Amwins: Time and Money
Ep173 Clive Washbourn of Navium: Welcome back, my friends
Ep172 Simon Lightbody CEO Rhodian: Making a home they’ll never want to leave
Ep171 Alex Powell of Aegis: Realistic, but with an added dose of niceness
Special Ep David Cabral: Thinking beyond ESG
Ep170 Simon Wilson, President Markel International: The market will dictate
Ep169 Keith Meier of Assurant: Listen to your customers
Ep168 Sean McGovern, Chair of the LMG: On the verge of achieving real change
Special Ep: James York of Peaccce - from inertia to outright hostility
Ep167 Steve McGill: A billion in revenues through organic growth
Ep166 James Boyce CEO Global Specialties Guy Carpenter: Retro pushing peak affordability
Ep165 Bob Kimmel & David Carson of K2: Now hunting all kinds of game
Ep164 Andrew Horton QBE: An injection of pace
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