Ascot has announced the appointment of Matthew Lillegard as Group Chief Actuary, a newly created position.
Lillegard will be responsible for leading the overall group’s actuarial functions and will work in close collaboration with colleagues across Ascot’s underwriting, Risk, ERM, IT, and Data Strategy teams.
He will report directly to Jonathan Zaffino, group President.
Lillegard joins from CNA Insurance where over 20 years he held a number of growing leadership responsibilities including Senior Vice President, P&C Reserving and then Senior Vice President, Specialty Pricing, responsible for all their specialty lines pricing activities.
“We are thrilled to welcome someone of Matthew’s caliber to the Ascot Group,” said Zaffino.
“Under his leadership, we are confident we will continue to advance our robust actuarial functions across the entirety of our various (re)insurance businesses.
“Matthew is an experienced risk professional with first-hand knowledge of the intricate nature of actuarial work in a diverse specialty (re)insurance business at both the pricing and reserving levels.
“Matthew’s leading skills, coupled with his creative, tech-centric view of this critical function will be greeted warmly by Ascot colleagues across the globe as we continue on the journey to build the modern era (re)insurance company. ”
Lillegard added, “There’s an inspiring energy around Ascot and its current growth development, with tremendous activity around new products, infrastructure enhancements and leading industry talent joining the company.
“I look forward to working closely with Jon and the many other talented Ascot colleagues across our ecosystem as we dynamically respond to market opportunities and deliver consistent long-term risk adjusted returns with a single, unified, One Ascot mantra at the heart of our actuarial and reserving strategy.”
