Jonathan Ritz appointed president of Aspen Insurance Holdings Limited

In this newly created role, he will report to Mark Cloutier, executive chairman and group CEO.

Ritz previously served as CEO of Validus’ U.S. insurance operations, which included Western World Insurance Group, Crop Risk Services and Validus Specialty. He also served as chief operating officer of Validus Holdings Ltd. (Photo: Aspen Insurance)

Jonathan Ritz has been appointed president of Aspen Insurance Holdings Limited, effective immediately. In this newly created role, he will report to Mark Cloutier, executive chairman and group CEO.

“I am very pleased that we have been able to attract such a proven and experienced leader as Jonathan to this important role,” Cloutier said in a press release. “His impressive track record and reputation, together with his extensive expertise across the sector, and in a range of disciplines, will add further considerable strength to our senior leadership team.”

Past experience

Ritz previously served as CEO of Validus’ U.S. insurance operations, which included Western World Insurance Group, Crop Risk Services and Validus Specialty. He also served as chief operating officer of Validus Holdings Ltd.

Prior to Validus, he held various chief underwriting and operating positions with United America Insurance Group, IFG Companies-Burlington Insurance Group and ICAT Holdings LLC. Ritz has been in the reinsurance industry for more than 25 years, where he first began his career.

“I am delighted to be joining Aspen at such an exciting time in the company’s development,” Ritz said in a statement. “Under Mark’s leadership and Apollo’s ownership, the business is refocusing on its core strengths and I very much look forward to playing a part in its future success.”

Related: People on the move in the P&C insurance industry: Aug. 30, 2019