Management restructure at Aspen Re as longtime exec retires

Chairman of Aspen's reinsurance segment is stepping down after 14 years with the company

Management restructure at Aspen Re as longtime exec retires

Insurance News

By Ryan Smith

Aspen has announced the retirement of Brian Boornazian, chairman of its reinsurance segment, Aspen Re, and CEO of Aspen Re, Americas. Boornazian will retire at the end of April.

“I would like to thank Brian for his outstanding service to Aspen over the last 14 years,” said Group CEO Chris O’Kane. “Under his leadership and with his sharp focus on execution, we have grown our reinsurance business significantly and enhanced our highly respected position in our chosen markets. He has also made a significant contribution to our executive management capabilities, and I know that I speak for everyone at Aspen in wishing him every success in the future.”

“I would like to add my thanks to Brian for his valuable advice and wise counsel as we worked together closely to grow our reinsurance business over the last few years,” said Aspen Re CEO Thomas Lillelund.

Boornazian’s roles as chairman of Aspen Re and CEO of Aspen Re, Americas, will not be replaced, the company said. Aspen’s reinsurance business in the Americas will be led by Emil Issavi in his capacity as president and chief underwriting officer of Aspen Re.

“I am immensely proud of what we have achieved during my time at Aspen and to see our reinsurance segment develop into the outstanding business that it is today,” Boornazian said. “I would like to thank my colleagues and friends within Aspen for their huge support over many years, and to wish them much success in the future.

 

 

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