Aspen Reinsurance launched Aspen Capital Markets and appointed Brian Tobben managing director of the newly created unit, according to a company press release.

Aspen Capital Markets will focus on developing alternative reinsurance structures to leverage the reinsurer’s existing underwriting franchise and increase its operational flexibility in the capital markets. The unit will provide investors direct access to Aspen Re’s underwriting expertise.

“Our decision to establish a capital markets division recognizes developments in the reinsurance market over recent years as the influence of the capital markets on the catastrophe segment has steadily increased,” said James Few said Chief Executive Officer of Aspen Re.

Tobben joined Aspen on April 8, 2013, having previously been with PartnerRe for almost 10 years, most recently as head of insurance linked securities where he managed a portfolio of catastrophe ILS, life ILS,weather and commodity investments. He is based in New York and reports to Few.


Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.