Laurie Shane has been appointed group head of Outwards Reinsurance at Bermudian-based re/insurer Aspen Insurance Holdings Ltd.

The company said Ms Shane begins her role on June 1.

She will report to Brian Tobben, chief executive officer of Aspen Capital Partners.

Ms Shane joins Aspen from Markel Corporation where she was managing director of Global Ceded Reinsurance. In this role she worked to develop outward reinsurance strategies focusing on reducing group earnings volatility, balance sheet protection and managing third party credit risk, the company said.

Prior to Markel, Ms Shane served as vice-president, corporate insurance, at QBE for the Americas region where she established the new corporate insurance department.

She has also held senior roles at Delos Insurance Group, as senior vice-president, capital management and reinsurance, and Praetorian Financial Group/Clarendon, where she was vice-president, reinsurance placements and operations.

Mr Tobben said: “We are excited to have Laurie join the Aspen team. Laurie brings a wealth of experience and is held in high regard in the market. I am looking forward to working with her, our brokers and our reinsurers as we continue to transform our outwards reinsurance programme.”

Ms Shane said: “It is tremendously exciting to be joining Aspen at this unique time in its journey and I look forward to helping build an outwards reinsurance programme that moves from strong to powerful.”

Aspen also said its Outwards Reinsurance team is being realigned to work with the Aspen Capital Markets team under the leadership of Mr Tobben and that the new team will be known as Aspen Capital Partners.

Mr Tobben said: “Bringing outwards reinsurance together with Aspen Capital Markets will help us deliver on our growth strategy while increasing collaboration and optimising our capital position. The combined team will capture efficiencies from overlapping process and benefit from leveraged expertise.”