Reinsurance News

Ascot appoints former Argo exec Will Chen to US CFO role

9th November 2021 - Author: Charlie Wood

Specialty re/insurer Ascot has appointed Will Chen to lead its US business as Chief Financial Officer, a role he recently operated in at rival player Argo.

ascot-new-logoChen, who brings 25 years’ experience to the role, will take on primary authority and oversight for the financial prosperity of businesses including Ascot Specialty Insurance and Ethos Specialty.

Ascot’s official statement announcing Chen’s appointment underlines an additional focus towards the broader financial strategy employed in the region, as well as capital management, tax, FP&A and related operational processes, systems, and controls.

Reporting to group CFO Joe Roberts, Chen has served for a number of highly regarded organisations, such as AIG, AJG and Zurich.

“Will is a recognized insurance practitioner with technical proficiency, leadership and management skills to help enhance our finance function across our rapidly growing U.S. businesses,” noted Roberts.

“I know he’ll be a valuable addition to our Company with his strong financial, accounting and strategic skills. I look forward to working closely with Will, knowing that his experience and assistance will help ensure our global finance organization pursues its key priorities and strategies.”

Commenting on his appointment, Chen added, “I’m thrilled to join Ascot at this pivotal phase of the Company’s development.

“The unique mission, purpose and strategic vision that Ascot has makes our Company a compelling growth proposition.

“I look forward to collaborating with Joe, Jon Zaffino and all the talented colleagues across the Company as we continue to promote the Ascot Way and expand our presence in North America.”

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