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HAMILTON, Bermuda - Aspen Insurance Holdings Limited (NYSE:AHL), a profitable insurer with $3.2 billion in revenue over the last twelve months, has appointed John Welch as Group Chief Underwriting Officer, effective August 1, 2025, according to a company press release. The company’s stock currently trades near its 52-week low, according to InvestingPro data.
Welch, who has over 30 years of experience in executive roles at global insurance companies including AXA XL and XL Catlin Group, joined Aspen as Chief Underwriting Officer, Reinsurance in June 2023.
In his new position, Welch will report to Group President and CEO of Aspen Bermuda Limited, Christian Dunleavy. His responsibilities will include oversight, development and execution of Aspen’s underwriting strategy across the Group.
"John’s promotion reflects his broad and deep expertise and experience and further strengthens the underwriting and leadership capabilities that underpin Aspen’s continued success," Dunleavy said in the statement.
Aspen Insurance Holdings Limited provides insurance and reinsurance coverage to clients through operating subsidiaries in Bermuda, the United States and the United Kingdom, with branch operations in Canada, Singapore and Switzerland.
In other recent news, Aspen Insurance Holdings has announced the pricing of a $300 million public offering of senior notes due in 2030. The notes, with an interest rate of 5.750%, were priced at 99.870% of their principal amount, and the company plans to use the proceeds to repay existing debt. Additionally, several financial firms have initiated coverage on Aspen Insurance, providing various ratings and price targets. Wells Fargo started coverage with an Equal Weight rating and a price target of $37, projecting earnings per share of $3.60, $4.90, and $5.40 for the years 2025, 2026, and 2027, respectively. Citi analysts have given a more optimistic Buy rating with a target of $43, citing potential for higher future operating returns. Piper Sandler also expressed confidence in Aspen’s transformation post-Apollo acquisition, setting an Overweight rating and a $40 price target. Meanwhile, Goldman Sachs has initiated coverage with a Neutral rating and a price target of $38, noting the firm’s strategic initiatives and underwriting approach. These developments reflect Aspen Insurance’s ongoing efforts to strengthen its financial position and performance in the competitive insurance market.
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