Bermuda-domiciled specialty re/insurer Ascot has announced the launch of a global platform designed to serve the needs of reinsurance underwriting and client focused ceded risk solutions.
Under the leadership of Group Chief Underwriting Officer Mark Pepper, Ascot Re will operate as a single point of entry for all related reinsurance products and capabilities.
Executive oversight is to be provided by Group CEO Andrew Brooks and Jonathan Zaffino, Group President.
A primary objective of Ascot Re will be to generate enhanced client services underpinned by the wider group’s differentiated technical knowledge & underwriting and claims capabilities.
While all existing reinsurance products across Ascot’s ecosystem will be housed within this new platform, existing operating companies such as Syndicate 1414 at Lloyd’s, Ascot Bermuda Limited, and various US statutory companies will remain unaffected
Under Pepper’s stewardship is Rory Cline, President of Ascot Re US and set to provide FAC solutions throughout the US comprising Property, led by Libby Ismail, Casualty, under Tony Kashuba and Professional Liability, under Steve Robinson.
At Lloyd’s, Ascot Re will provide Property & Casualty Treaty underwriting led by Amanda Jeffrey and John Pilkington respectively.
In Bermuda, Ian Thompson, Bermuda CEO, oversees the robust treaty operations spanning the Property and Casualty & Specialty lines led by Simon Kimberley and Justin Keith.
“Reinsurance underwriting has been at the very heart of Ascot throughout our twenty-year history, and the launch of Ascot Re allows us to work even more closely with our brokers to ensure we provide the right solution for clients, regardless of where it sits within our ecosystem,” said Pepper
“This enhanced offering coincides with a thoughtful expansion of our reinsurance solutions, including the addition of Tony Kashuba and Steve Robinson in the U.S. to develop our Casualty and Professional Lines FAC capabilities, and the new remit for Rory Cline to oversee our wider U.S. reinsurance operation.
“I look forward to offering brokers a single point of entry for all their reinsurance underwriting, claims and service requirements.”
Commenting on the announcement, Zaffino added, “This new alignment of our global reinsurance capabilities is in direct response to requests from our clients in seeking broader reinsurance solutions from the Ascot Group.
“Ascot Re will allow us to deliver the firm’s deep technical knowledge and multiple underwriting capabilities, backed by the Group’s unique financial strength.
“This single alignment, under Mark’s leadership, will help us provide tighter internal cohesion, and the delivery of exceptional product and services to our reinsurance brokers and clients.
“I’m excited by the launch of Ascot Re and look forward to working closely with Mark and our team to deliver a refreshing and new offering to the reinsurance market.”
