ASPEN INSURANCE HOLDINGS LIMITED (NYSE:AHL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 6, 2017, Aspen Insurance Holdings Limited (“Aspen” or the “Company”) issued a press release announcing that Mr. David Schick will be appointed to the position of Group Chief Operating Officer effective December 18, 2017. As Group Chief Operating Officer, Mr. Schick will be responsible for leading Aspen’s operational strategy across its business segments, platforms and corporate functions, including the delivery of Aspen’s recently launched effectiveness and efficiency program.
Mr. Schick, age 52, has extensive experience of large change and transformation programs internationally. Mr. Schick joins Aspen from Maybank where he was Executive Vice President, Group Strategy and Transformation and Director of Strategic Operational Excellence since 2014. From 2008 to 2014, Mr. Schick worked at Raiffeisen Bank International where he led transformational efforts. He has also worked at organizations such as Citigroup and Mercer Consulting driving transformation across multiple geographies, businesses and industries.
There are no family relationships between Mr. Schick and any of Aspen’s directors or executive officers, and there is no arrangement or understanding between Mr. Schick or any other person and Aspen or any of its subsidiaries to which he was appointed Group Chief Operating Officer of the Company. There are no transactions that would be required to be reported under Item 404(a) of Regulation S-K between Mr. Schick or any of his immediate family members and the Company or any of its subsidiaries.
In connection with his appointment, Mr. Schick is entitled to participate in all employee benefit plans made available to other senior executives or employees generally, including membership in the Company’s pension scheme, medical insurance, permanent health insurance and life insurance. Mr. Schick is also eligible to receive a discretionary annual bonus and to participate in all incentive compensation plans available to the Company’s senior executives or employees generally.
Mr. Schick succeeds Richard Thornton who is leaving Aspen effective December 8, 2017 to pursue other opportunities.
Section 7 — Regulation FD
Item 7.01 Regulation FD
On December 6, 2017, the Company issued a press release announcing Mr. Schick’s appointment as Group Chief Operating Officer of the Company. A copy of the press release is furnished as Exhibit 99.1 and is incorporated into this report by reference.
Section 9 — Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(d) Unless otherwise specified above, the following exhibit is furnished as part of this report:
The information furnished in Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
ASPEN INSURANCE HOLDINGS LTD ExhibitEX-99.1 2 exhibit991final20.htm EXHIBIT 99.1 Exhibit Exhibit 99.1PRESS RELEASEASPEN APPOINTS DAVID SCHICK AS GROUP CHIEF OPERATING OFFICERHAMILTON,…To view the full exhibit click
About ASPEN INSURANCE HOLDINGS LIMITED (NYSE:AHL)
Aspen Insurance Holdings Limited (Aspen Holdings) is a holding company. The Company conducts insurance and reinsurance business through its subsidiaries: Aspen U.K. and AUL, Aspen Bermuda (Bermuda) and Aspen Specialty and AAIC (the United States). It operates in two segments: Aspen Insurance and Aspen Reinsurance (Aspen Re). Its insurance segment consists of property and casualty insurance; marine, aviation and energy insurance, and financial and professional lines insurance. Aspen Re consists of property catastrophe reinsurance, other property reinsurance, casualty reinsurance and specialty reinsurance. Its Aspen Re consists of property catastrophe reinsurance, other property reinsurance (risk excess, pro rata and facultative), casualty reinsurance (the United States treaty, international treaty and global facultative) and specialty reinsurance (credit and surety, agriculture, marine, aviation, terrorism, engineering).