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/
Ep193 Julie Wood CEO QBE North America: Acting on the best available information
Ep192 James Burns CFC: Classifying Cyber
Ep191 Simon Bird, Brit: Bumping along the top
Ep190 Paul Brand, Convex: Execution is everything
Ep189 Tom Hoad Howden Ventures: Professionalising Innovation
Ep188 Nick Cook BMS: Pedal Flat to the Floor
Ep187 Alistair Wood CEO Hampden Capital: Selling an improved Lloyd’s product
Ep186 Todd Davison & Keir Cox of Purbeck Insurance: Introducing Personal Guarantee Insurance
Ep185 Paul Bantick, Global Head of Cyber Risk, Beazley: Providing for Cyber growth
Ep184 Ekhosuehi Iyahen Secretary General of the IDF: Putting valuable insurance knowledge to good use
Special Ep: The State of (Re)insurance 2023
Ep183 Richard Brindle: If you’re good enough, you’re old enough
Ep182 Tim Gardner & Bob Bisset Lockton Re: Let revenue take care of itself
Ep181 Jean-Jacques Henchoz CEO Hannover Re: True partnership has a price
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Ep179 Antony Erotocritou CEO Ardonagh Specialty: We’re not slowing down
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Special Ep Paul Templar and Sebastian Prosser of VIPR: Stop throwing people at the problem
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