Brit's Mark Cloutier to become Aspen CEO

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Brit executive chairman Mark Cloutier is to step down in December in order to take up a role with an affiliate of private equity firm Apollo Global Management.

Cloutier will work as a consultant with a focus on the $2.6bn (£2.02bn) acquisition of Bermuda-headquartered Aspen Insurance Holdings by Apollo.

Following the completion of the deal he will be taking on the role of chairman and chief executive officer of Aspen.

Cloutier was appointed CEO of Brit in 2011 and moved to the executive

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