Aspen CFO in line for $2m retention award

  • Key employee: Scott Kirk, chief financial officer of Aspen Insurance Holdings, has been selected for a $2m retention award

    Key employee: Scott Kirk, chief financial officer of Aspen Insurance Holdings, has been selected for a $2m retention award


A $2 million retention award will be paid to Aspen Insurance Holdings’ chief financial officer if he stays with the company until January 1, 2020.

Scott Kirk joined the Bermudian-based insurer in 2007 and became group CFO in December 2014. Details of the retention award, in the form of a letter from Aspen’s chief executive officer Chris O’Kane, were filed with the US Securities and Exchange Commission on Monday.

Mr O’Kane wrote: “In light of the prevailing market conditions, Aspen would like to recognise a small number of key employees who contribute significantly to Aspen and who play an integral role in Aspen’s future.”

Mr Kirk was selected for the award, in addition to his current compensation package. He will qualify for the award if he continues to satisfactorily perform his employment duties and remain employed with Aspen and have not resigned or given notice of resignation before the payment date of January 1, 2020.

Aspen has been the subject of takeover speculation this year, but has stated it does not comment on rumours. During the second quarter, the company made a loss of $14.7 million.

You must be registered or signed-in to post comment or to vote.

Published Aug 16, 2018 at 8:00 am (Updated Aug 15, 2018 at 7:42 pm)

Aspen CFO in line for $2m retention award

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "What are your views on anonymous online commenting (trolling)?"
    • Helpful to our democracy and needs to continue
    • 25%
    • Hurtful to our democracy and needs to end
    • 59%
    • Limits the number of people willing to give public service
    • 10%
    • An important tool for political parties
    • 6%
    • Total Votes: 4508
    • Poll Archive

    Today's Obituaries

    eMoo Posts