Aspen Specialty expands

Risk & Insurance, Oct 1, 2004

Aspen Specialty Insurance Co., a wholly owned subsidiary of Aspen Insurance Holdings Ltd., will open offices in Atlanta and Scottsdale, Ariz., Aspen has announced.

"Aspen Specialty plans to be a leader in the surplus arena and opening offices in Georgia and Arizona are key steps toward achieving our goal," said Peter Coghlan, president and CEO of Aspen Specialty. "Georgia has a very robust surplus lines market and we will better serve the southeast region with a local office. Arizona is also a strategic base as it will open a path to the western states." Janet Lovell and Glen Plagmann will lead underwriting efforts in Georgia and Arizona, respectively.

Aspen Specialty, with its headquarters in Boston, writes property and casualty surplus lines business, through the U.S. wholesale surplus lines broker network. Aspen Insurance Holdings, a Bermuda-based holding company, was established in June 2002 to provide property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States.