Fusion founders join Aspen UK

The founders of Fusion Insurance Services - Kevin Pallett and Geoff Crisp - have joined Aspen Insurance UK, a subsidiary of Aspen Insurance Holdings, to launch a range of new insurance and risk management products in the UK broker market.

Pallett and Crisp founded Fusion in 2000 and sold it to Towergate in 2005 with gross written premium in excess of £100m. They left in July 2008.

The new company will write business for Aspen Insurance through a number of regional offices.

It will include property, casualty and specialty insurance products with a wide range of risk management and health and safety services.

The company said it intends to offer these products to a panel of carefully selected brokers early in 2011.

Aspen Insurance chief executive Rupert Villers said: “We are delighted to have recruited Kevin Pallett and Geoff Crisp as their track record speaks for itself. They share our vision for quality service, technical excellence and insurance products supported by risk and claims management services.

"Their appointment underlines our strategy of selective diversification of both our products and distribution capability.”

Pallett said: “We are very excited to be joining Aspen and working with Rupert Villers, who shares our philosophy of developing innovative products and services that will closely match our brokers’ and their clients’ needs.”

Crisp added: “Aspen already writes a wide range of innovative property, casualty and specialty products which have been focused in the UK on the London market. We look forward to working with the teams at Aspen to develop these products for a wider range of brokers and their clients.”