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Former Validus exec appointed Aspen president

Aspen Insurance Holdings Ltd. has named Jonathan Ritz president, effective immediately.

Ritz most recently served as CEO of the U.S. insurance operations of Validus Holdings Ltd. He will report directly to Mark Cloutier, executive chairman and group CEO.

According to Insurance Insider, Ritz's departure from Validus came after American International Group Inc. transferred Western World Insurance Group Inc. under Lexington Insurance Co.