Challenger Financial Services’ head of distribution, David Asplin, has abruptly left the firm.
Asplin resigned suddenly last week after what is understood to have been a human resources-related issue. His responsibilities have been assumed by the head of institutional distribution, Matt Gaden, with immediate effect. A Challenger spokesperson said a replacement for Gaden’s wholesale role would be sought. Asplin had been at Challenger nearly four years, after following Chris Cuffe to the firm from Colonial First State in 2003.
The brunt of losses from the LA wildfires are expected to be borne by primary insurers and high-risk reinsurance programs, but super funds are nevertheless closely monitoring the possible impact of the fires on catastrophe bond and insurance-linked securities exposures.
Simon HoyleJanuary 17, 2025
