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Aspida Life Re Ltd. Appoints Elinor Friedman to its Board of Directors

1. Aspida Life Re appointed Elinor Friedman to its Board of Directors. 2. Friedman brings 28 years of experience in reinsurance and insurance consulting. 3. Her expertise will enhance Aspida Re's risk management and product development. 4. Aspida Re aims for long-term financial security and growth for partners. 5. Aspida is a subsidiary of Ares Management Corporation, impacting ARES directly.

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Why Bullish?

The appointment of a seasoned executive like Friedman suggests enhanced operational capabilities. Historical data indicates that leadership changes often result in positive stock momentum, especially in reinsurance sectors.

How important is it?

Elinor Friedman's appointment signals strategic growth opportunities for Aspida Re, positively impacting ARES. The strong qualifications support expectations of effective management enhancing business performance.

Why Long Term?

Friedman's role will likely influence long-term strategies at Aspida Re, directly affecting ARES. Leadership changes show benefits over time as strategic plans unfold.

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A distinguished actuary and insurance executive, Elinor Friedman brings over 28 years of expertise in reinsurance consulting and leadership March 26, 2025 08:00 ET  | Source: Aspida HAMILTON, Bermuda, March 26, 2025 (GLOBE NEWSWIRE) -- Aspida Life Re Ltd. (“Aspida Re”), a reinsurance company focused on providing life and annuity reinsurance solutions to companies globally, announced today the recent appointment of Elinor Friedman, FSA, MAAA to its Board of Directors (“the Board”). Ms. Friedman’s extensive product development and pricing knowledge will complement and add broader insight to Aspida Re’s board composition. Ms. Friedman is a seasoned actuary with vast experience in the life insurance and reinsurance space. From 2013 to 2024, she served as Managing Director at Willis Towers Watson where she provided consulting services to large and mid-size insurers and reinsurers including sell-side appraisal, buy-side due diligence, product development, and pricing. "Elinor's deep capabilities in actuarial science, risk management, and insurance analytics, combined with her proven leadership in insurance consulting, make her a valuable addition to our board," said David Florian, Chief Executive Officer of Aspida Re. "Her insights and operational acumen will be instrumental in helping Aspida Re continue to deliver ongoing value for our partners and clients." During her time as Managing Director at Willis Towers Watson, Ms. Friedman also served as Life Division Leader and Sales and Practice Leader for the Americas leadership team for the Insurance Consulting and Technology (ICT) line of business. Prior to joining the firm, she served as Product Actuary at General American Life Insurance Company, coordinating life product development and pricing, and as Assistant Actuary at RGA/Swiss Financial Group, focused on reinsurance transactions, actuarial pricing, and risk analysis. "I am excited to join Aspida Re’s board and contribute to the company’s mission of providing innovative and secure reinsurance solutions," said Elinor Friedman. "Aspida Re’s focus on risk management excellence and forward-thinking strategies aligns with my experience in actuarial science and insurance consulting. I look forward to leveraging my background to support Aspida Re’s growth, helping to refine reinsurance structures and strengthen partnerships that drive long-term financial security.” Ms. Friedman received her Bachelor of Science in Applied Mathematics from Concordia University (with distinction) and her Master of Science in Applied Mathematics from the University of Ottawa (magna cum laude). She is a Fellow of the Society of Actuaries (FSA) and a Member of the American Academy of Actuaries (MAAA). Ms. Friedman is also active in the industry, having previously served as Chair of the Society of Actuaries Product Development Section Council and on the planning committee for several industry meetings. She has been a frequent speaker, lending her knowledge and expertise to the industry. About Aspida ReAspida Life Re Ltd (“Aspida Re”), a Bermuda-based reinsurance platform, is focused on providing efficient and secure life and annuity reinsurance solutions to its global clients. Aspida Re seeks to be a trusted partner in its clients’ long-term financial growth by delivering creative, customized solutions while driving business by doing good for the communities it serves. Aspida Re is part of Aspida Holdings Ltd, with over $21bn in total assets as of December 31, 2024. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida Re. For more information on Aspida Re, please visit www.aspidare.bm or follow them on LinkedIn. Media Contact: Blaire SwayzeBlaire.swayze@aspida.com +1-919-246-3108 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c8c0180c-cfc6-4036-bde7-bd8c9365073f Elinor Friedman Aspida Life Re Ltd. Appoints Elinor Friedman to its Board of Directors Aspida Re

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