Bermuda domiciled specialty insurer and reinsurer Ascot Group has announced the appointment of Steve Guijarro as US Chief Risk Officer (CRO) & Group Head of Exposure Management.
As CRO, Guijarro will have responsibility for Ascot’s enterprise risk management function in North America.
In addition to these duties, as Group Head of Exposure Management he will be tasked with monitoring aggregation across Ascot’s core underwriting operations in Bermuda, the US and Syndicate businesses.
Guijarro joins from S&P Ratings where he was North America P&C Sector Specialist and Global ERM Coordinator.
Prior to this, he was at Marsh, and was responsible for actuarial and statistical analysis on behalf of clients.
Guijarro started his career as a broker before becoming an actuary while at Integro Insurance Brokers.
In his new role at Ascot, he will report to Group Chief Risk Officer Mark Smith.
“Steve is a highly accomplished and respected actuary, who has a broad depth of experience across P&C insurance,” said Ascor Group President Jonathan Zaffino.
“His skill set is ideal for our growing U.S. operations where he can leverage and build on the strong foundations we’ve established across our risk management function,” Zaffino continued.
“Ascot has a long track-record of disciplined and profitable underwriting, which has been enhanced by successful actuarial and exposure management frameworks. I know Steve will continue in this tradition and ensure first-class risk management across Ascot Group under the leadership of Mark.”
Guijarro also commented: “I’m delighted to join Ascot at an exciting time in the company’s evolution. The Group places a particular emphasis on risk management, highlighted by their robust and diverse capital structure being at the core of their mission.”
“I look forward to working with the talented colleagues in the group, and together utilizing Ascot’s dynamic capital model to scale the business according to market opportunities and our strategic objectives.”
