Ascot, the Bermuda-based global specialty insurance group, has announced the appointment of Anthony Mandica as Group Head of Internal Audit.
Mandica will remain based in Ascot’s Iselin, New Jersey office, reporting both to the Ascot Group Limited Audit Committee and to Michael Sevi, Ascot Group General Counsel.
In this newly created role, Mandica will lead Ascot’s Group Internal Audit function, building on the existing framework established by the company’s leadership team.
Sevi expressed enthusiasm for Mandica’s appointment, stating, “Anthony possesses an extensive knowledge of industry regulatory requirements, a unique understanding of Ascot’s internal controls, and a track record of effectively managing risk.”
He added, “I am so pleased to elevate him to this role, where he is poised to effectively develop an IA model that scales with Ascot’s growth. His work in this role will be integral to reinforcing our culture of integrity and to strengthening the internal audit function, Ascot’s critical third line of defence.”
Mandica brings over 20 years of experience in internal and external audit roles within financial services and insurance.
He has been with Ascot for two years, most recently serving as Senior Vice President, Internal Audit & Advisory.
Prior to that, Mandica spent nearly a decade at Coaction Global, where he was Vice President of Internal Audit. He has also held roles at AIG, Deloitte, and Hutchins Farrell Meyer & Allison PA.
