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/
Ep146 Alex Blanco CEO Vantage Insurance: Seeking the intellectually curious and mentally ambidextrous
Ep145 Adrian Jones Partner HSCM Ventures: We need to reconsider the word Insurtech
Ep144 Talbir Bains Group CEO Volante Global: I’d rather lose doing the right thing than win doing the wrong thing
Ep143 Chris Cheatham Bold Penguin: Build out now because digital’s definitely working
Ep142 Luke Tanzer CEO RiverStone International: Freeing live underwriters to work the hardening market
Ep141 Building a bigger welcome mat: Matthew Moore and Caroline Wagstaff of the LMG
Special Episode Richard Chattock and Stephen Brittain of Insurtech Gateway: To discontinue the old we must accelerate the new
Ep140 Kate Markham CEO Hiscox London Market: No one-hit wonders
Ep139 Mark Cloutier Group CEO Aspen: Still taking volatility down
Special Episode: Full Digital Ambition. Building a digital-first marketplace
Ep138 Bill Jewett CEO Obsidian Insurance Holdings: Good shepherds of reinsurance capital
Special Episode: The State of (Re)insurance
Ep137: Richard Brindle and Dan Burrows of Fidelis - changing the structure of capital forever
Special Episode: Navigating ESG, with Miqdaad Versi of Oxbow Partners
Ep136 David Howden & Rod Fox: Blurring the Lines
Ep135 Albert Benchimol: An appetite for growth
Special Episode: Matthew Grant & Henry Gale of InsTech. Parametric: where traditional insurers fear to tread
Ep134 Joshua Motta CEO Coalition: Building a Cyber Muscle
Special Charity Episode: You managing your body, not it managing you. With ABF The Soldiers’ Charity
Ep133 Jean-Jacques Henchoz: Not yet hitting the glass ceiling
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