Aspen Hires From Swiss Re, Generali for New Dubai Operation - Bloomberg:
"Aspen Insurance Holdings Ltd. hired senior underwriting managers for a new Dubai reinsurance operation as the company seeks expansion in the Middle East and Africa.
Peter Thompson, formerly of Assicurazioni Generali SpA, was assigned to the Dubai hub along with Gulf Re’s Houcine Zouaoui, and Swiss Re AG’s Attilio Tornetta. All three men will report to Abdallah Balbeisi, senior executive officer and head of Middle East and Africa, the Bermuda-based company said in a statement Monday.
Aspen is looking to diversify risks and build operations in new markets after rebuffing a hostile takeover bid from Endurance Specialty Holdings Ltd. in 2014. The company previously serviced the Middle East and Africa from a London office, a spokeswoman for the insurer said in an e-mail."
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