Bermuda-domiciled specialty insurer and reinsurer, Ascot, has hired Michael Kerrigan as Group Chief Information Officer (CIO), based in New York and reporting to Yvonne Costello, Group Chief Operating Officer (COO).
In his new role, Kerrigan takes on responsibility for all aspects of Ascot’s technology portfolio and will be tasked with progressing group strategy to develop a “tech central” and agile global organisation.
As the company looks to enhance group performance and scalability of its global platforms, the addition of Kerrigan demonstrates the firm’s focus to build a modern-era specialty insurer underpinned by enterprise-wide connected tech focused on enhancing customer experience.
As CIO, Kerrigan will leverage his extensive experience as an industry corporate technology leader to expand on Ascot’s digital insurance platforms across the group, including its wholly owned MGU, Ethos Specialty.
Commenting on the appointment, Costello said: “I’m delighted to welcome Michael to Ascot; his depth of experience at leading insurance organizations allows us to leverage his expert knowledge to support our unique strategies. We have always been proud of our nimble operating model – adding Michael to Ascot will propel us to the next level, and ensure that our operating efficiency and client experience are strengthened by advanced digital solutions.”
Most recently, Kerrigan was responsible for global operations at AXA XL where he guided systems strategy across the company. Previously, he has served in CIO level roles at The Hartford, ACE, and AIG.
“This is an exciting time to join Ascot given its growth trajectory and focus on technology. I look forward to working across the business to implement a customer centric approach which helps to underpin the company’s ambitious future development,” said Kerrigan.
