Aspen appoints Sarah Stanford as interim CEO, Aspen UK
Aspen Insurance Holdings Limited has announced the appointment of Sarah Stanford as interim CEO, Aspen UK, effective immediately.
Sarah is currently Active Underwriter, Lloyd’s Syndicate 4711, which represents approximately 75% of Aspen’s UK business. Under her leadership, the Syndicate has seen substantial progress, reporting significant growth to £838.6 million in GWP and delivering a 75.4% COR in 2022, while becoming one of Lloyd’s best performing Syndicates of the year. In 2023, Sarah led the creation of Aspen Digital, which provides additional, digital-only follow capacity, in an industry-first partnership with Ki.
Sarah has over 25 years’ experience in the industry. She joined Aspen in 2007 and has held several senior roles, including Head of International Management Liability and Professional Lines, before being appointed Active Underwriter of Aspen’s Lloyd’s Syndicate 4711 in 2019. Before Aspen, she worked in underwriting positions at Limit MJ Harrington Syndicate 2000/QBE.
Sarah will continue to report to Mark Cloutier, Executive Chairman and Group CEO, and to be a member of the Group Executive Committee. Sarah takes over from Richard Milner, who will be leaving Aspen on 31 March to pursue other opportunities. A formal selection process is underway to confirm a permanent CEO, subject to Board and regulatory approval, which will be announced in due course. In the meantime, and in addition to her interim UK CEO responsibility, Sarah will continue in her position as Active Underwriter.
Mark Cloutier, Executive Chairman and Group CEO said: “I am pleased that Sarah is stepping in as interim UK CEO. As Active Underwriter of Syndicate 4711, Aspen’s core platform in the UK, she brings an impressive track record and credentials in the form of a robust performance, innovative progress, and a solid market reputation for the Syndicate.”
“Sarah’s interim appointment into the role showcases the depth of talent we have within our team at Aspen and the strength of our succession planning.
“I would like to thank Richard Milner for his many contributions to Aspen over the past four years and wish him well in his future endeavors.”
Authored by Aspen
About Aspen
We are a leading specialty (re)insurer, with the insight, expertise and confidence to bring clarity from complexity™.
Our three business units – Insurance, Reinsurance and Capital Partners – make us a leader in our fields, giving our customers support and confidence, and each has a unique set of capabilities to create advantage for our partners.
Our core platforms, in the UK, US, and Bermuda, are supported by strong balance sheets. They give us the grounding to build long-term relationships that we value by offering a footprint that meets our clients’ distinct requirements. From Syndicate 4711 at Lloyd’s of London, our experts also bring clarity to complex risk across a range of classes.