Aspen Risk Management to be placed in runoff

Aspen has announced that it has ended its agency agreement with managing general agent Aspen Risk Management.

The business said that it expects Aspen Risk Management to be placed in runoff as a result.

Asked how many people would be affected by the move, a spokesperson for Aspen told Insurance Age: “We do not comment on staff matters.”

Obligations
The provider said in a statement: “Aspen is working with the management of ARML to ensure all policyholder obligations and service requirements are