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/
Special Ep Andrew Bart, CEO International Operations Crawford & Company: The Future of Loss Adjusting
Ep160 Andrew Robinson CEO Skyward Specialty Insurance: Still navigating by the North Star
Special Ep John Neal CEO Lloyd’s: I’d love to be underwriting today
Ep159 James Baird & Paul Richards Co-CEOs Consilium: Do you pass the barbecue test?
Ep158 Trevor Carvey CEO Conduit Re: The Cat tide has lifted all the property ships
Ep157 Killian McDermott Executive Partner POP Holdings: The opposite of the Palo Alto approach
Ep156 Duncan Dale, CEO Dale Underwriting Partners: Everything’s better than we planned for
Ep155 James Hands CEO Miller: Always looking through a client lens
Special Ep. Risto Rossar CEO of Insly: How no-code software will unleash an age of insurance innovation
Ep154 Richard Watson and Stuart Bridges of Inigo: Curiosity & Hard Work
Ep153 Ben Hubbard CEO & Co-Founder of Parsyl: Bringing a good kind of naïveté to insurance
Ep152 Phil Hobbs President & Managing Director at Liberty Specialty Markets: Meeet the $24bn (re)insurer
Ep151 Rob Schimek Group CEO bolttech: Cooperate to graduate
Ep150 London: Creative when we need it to be, with John Sutton and Jonathan Tritton of Acrisure London Wholesale
Ep149 Adrian Cox CEO Beazley: High Risk & High Reward
Ep148 Reinsurance Reset 2023 with David Priebe, James Vickers & David Flandro
Ep147 Alastair Swift Head of CRB Global Lines WTW: The open-scissor market
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
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