Aspen Insurance Holdings said it appointed Richard Houghton as chief financial officer and he will take over from Julian Cusack, effective April 30.
Houghton joins Aspen from Royal Bank of Scotland Group plc, where he was chief operating officer, RBS Insurance since 2005.
Commenting on the appointment, Chris O'Kane, Aspen's chief executive officer said: "I am very pleased that Richard is joining Aspen as chief financial officer. Aspen, which is celebrating its fifth anniversary this summer, is moving into the next phase of its development. And the experience Richard brings will complement and broaden our capabilities for the challenges and opportunities ahead."
"I would also like to thank Julian Cusack for his invaluable contribution as chief financial officer since the creation of Aspen in 2002. Julian has been instrumental in shaping Aspen and ensuring our strong financial footing. I look forward to continuing to work closely with him in his role as chairman and chief executive officer of AIL."
Richard Houghton said: "I welcome the opportunity to join Aspen at such a dynamic point in the company's evolution and look forward to working with the entire Aspen team as we continue to create value for our shareholders."
