Brit Ltd has revealed that executive chairman Mark Cloutier is stepping down at the end of the year, and shone light on where the industry veteran is heading.
“Following his departure, Mark will take up a role with an affiliate of Apollo Global Management, LLC, working as a consultant with an immediate focus on the previously announced proposed acquisition of Aspen Insurance Holdings Limited by investment funds managed by affiliates of Apollo Global Management, with a view to assuming the role of chairman and CEO of Aspen following completion of the transaction,” announced the global specialty (re)insurer.
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