It was barely a month ago that we told you about Aspen Re getting a new head in the form of Emil Issavi as it was announced that chief executive Thomas Lillelund was leaving. Now the latter’s request to be let go sooner has been granted.
“Notwithstanding the 12 months’ notice set out in Clause 17.2 of the Service Agreement, we have agreed to your request to release you early such that your employment with the company will cease on October 31, 2018,” Aspen told Lillelund in the letter seen by Insurance Business. “Accordingly, all of your entitlements in connection with your employment at Aspen, whether or not pursuant to the employment documents, will cease on the departure date.
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