Aspen Insurance Holdings Limited, which has seen a number of key departures in recent months, is offering $2 million (around £1.5 million) to group chief financial officer Scott Kirk to keep him within the firm.
In the retention letter seen by Insurance Business, the insurer said it was making the move “in light of the prevailing market conditions” and in order to recognise those “who contribute significantly to Aspen and who play an integral role in Aspen’s future.” The company recently lost its CEOs for both Aspen Insurance and Aspen Re to QBE Re and AIG, respectively.
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