Log In

Reset Password

Aspen Re sets up new capital markets division headed by Tobben

Aspen Reinsurance said yesterday it formed a new division, Aspen Capital Markets, to expand its participation in the alternative reinsurance market.

Brian Tobben was appointed managing director of the newly created unit, the company said.

Mr Tobben joined Aspen this month, having previously been with PartnerRe. He will be based in New York and report to James Few, CEO of Aspen Re.

Mr Few said: “Our decision to establish a capital markets division recognises developments in the reinsurance market over recent years as the influence of the capital markets on the catastrophe segment has steadily increased.

“The focus of the new unit will be to develop alternative reinsurance structures to leverage our existing underwriting franchise, increase our operational flexibility in the capital markets and provide investors direct access to our underwriting expertise. This initiative builds on our successful partnership with Cartesian Capital Group at Iris Re, an investment manager focused on investments in natural catastrophe risk.

“I am delighted that Brian has joined us to lead this new venture. He has a wealth of experience and I look forward to working with him as we develop our proposition in the evolving convergence market.”

Mr Tobben added: “Aspen Re is a highly respected reinsurer with a clear vision to diversify further into the capital markets. I am excited to be joining Aspen Re as it looks to build its capabilities in this area.”

Before joining Aspen Re, Brian Tobben was at PartnerRe for almost 10 years, most recently as head of Insurance Linked Securities where he managed a portfolio of catastrophe ILS, life ILS, weather and commodity investments.

You must be Registered or to post comment or to vote.

Published April 17, 2013 at 9:00 am (Updated April 16, 2013 at 8:28 pm)

Aspen Re sets up new capital markets division headed by Tobben

What you
Need to
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