Aspen Insurance Holdings has appointed John Worth as the group’s chief financial officer, effective from 1 November 2012 and subject to relevant regulatory approval.

Succeeding Julian Cusack, interim Aspen Group chief financial officer, Worth will be based in London and report directly to Chris O’Kane, Aspen’s chief executive officer, and join the group’s executive committee.

Stephen Postlewhite, who was serving as acting Group Chief Risk Officer, will similarly resume his previous role as Head of Risk, while Cusack will resume his role as chief risk officer of Aspen.

Chris O’Kane said Worth has over 25 years of experience in financial services and accounting.

"John will be a valuable addition to Aspen and brings significant expertise in banking and capital markets, risk management and a broad understanding of insurance markets, as well as experience in managing global teams and strong familiarity with regulatory and reporting standards," O’Kane added.

Worth joins Aspen from Barclays, where he was acting as group financial controller and before Barclays and between 2006 and 2009 period, he was a partner in banking and capital markets for Ernst & Young.

During 2002 to 2006, he assumed numerous leadership positions at Prudential UK, including chief information officer and head of risk and compliance as well being seconded to the UK’s Financial Services Authority.

Aspen offers reinsurance and insurance coverage to clients in numerous domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France, Germany, Ireland, Singapore, Switzerland, the UK and the US.