Aspen appoints new interim UK chief executive as Milner departs

Aspen has appointed Sarah Stanford as its new interim UK chief executive following the departure of Richard Milner.

It was announced today (17 January 2024) that Milner would leave the firm to become the new top boss of specialist (re)insurer Chaucer Group.

In a statement also released today, Aspen said successor Stanford would begin her new role effective immediately.

She is currently the active underwriter of the firm’s Lloyd’s Syndicate 4711, which represents approximately 75% of Aspen’s UK business.

Stanford will continue to report to Mark Cloutier, executive chairman and group chief executive of Aspen.

“I am pleased that Sarah is stepping in as interim UK chief executive,” Cloutier said.

“As active underwriter of Syndicate 4711, Aspen’s core platform in the UK, she brings an impressive track record and credentials in the form of a robust performance, innovative progress and a solid market reputation for the Syndicate.”

Selection process

A formal selection process is underway to confirm a permanent chief executive, who will be announced in due course.

In the meantime, and in addition to her interim UK chief executive responsibility, Stanford will continue in her position as active underwriter.

“Sarah’s interim appointment into the role showcases the depth of talent we have within our team at Aspen and the strength of our succession planning,” Cloutier said.

“I would like to thank Richard Milner for his many contributions to Aspen over the past four years and wish him well in his future endeavors.”