Aspen Insurance Holdings' chairman, Paul Myners, will retire from the board on 2 May following the company's annual general meeting. Myners has been chairman since the company's founding in 2002.
He will be succeeded by Glyn Jones, who has been a board member since 2006. Jones is a former consultant and chief executive officer of several companies including, Thames River Capital, Gartmore Investment Management, Coutts Natwest Group and Coutts Group companies.
Myners, outgoing chairman, said: "I have chaired the board of Aspen since the incorporation of the company. Over the last five years Aspen has developed a reputation as a significant player in its chosen markets."
Jones, incoming chairman, commented: "Paul has been a tremendous asset to Aspen and put in place firm foundations. I look forward to continuing to work with the board, Chris and the rest of the management team to support and shape Aspen's future."
