Richard Asprey is an Operating Partner of ACP, focused on investment opportunities in the Insurance and Reinsurance industry. Richard is an operator and executive with more than 40 years of experience working in the London, Bermuda and US insurance and reinsurance marketplaces. Richard brings unique skills and experience, having led teams and companies across a wide variety of insurance lines.
Richard was most recently the owner and Chief Executive Officer of the Celestite Insurance Group, managing policy issuance and claims administration on behalf of insurance and reinsurance companies writing non-standard auto insurance. In this capacity, Richard focused on serving the un-banked and under-banked consumer segment throughout the US. Richard started Celestite when he moved to the United States in 2000 and grew the business through acquisitions and organic growth to be a recognized player in the managing general agency space.
Richard started his career in 1977 at the age of 16 with a five-year apprenticeship at Lloyds of London, focusing on North American casualty insurance. He apprenticed with the leaders of departments in claims, underwriting, contract wording, accounting and broking. Richard retired from Celestite in 2016 and joined Altamont in 2017.