Aspen Insurance Holdings Limited has appointed reinsurance industry veteran Karl Mayr as a non-executive director of Aspen Insurance UK Ltd.

Mr Mayr has worked in the reinsurance sector for more than 35 years and was most recently vice chairman of Axis Reinsurance until last year. Previously he was president and CEO of Axis Reinsurance Europe. He also spent more than 20 years at GE Frankona Reinsurance Company.

Chris O’Kane, Aspen’s Group CEO, said: “I am delighted that Karl has agreed to join the AIUK Board. I have known him for many years and he is very highly respected within our industry. The breadth of his financial services background and in particular the substantial experience and insights he has of global reinsurance markets will be a great asset to us as we develop further our reinsurance footprint. I would like to welcome Karl to our UK Company Board as a non-executive director and I very much look forward to working with him.”

Mr Mayr holds a directorship with Würzburger Versicherung AG.