Global specialty insurer and reinsurer Ascot has appointed Justin Keith, current Chief Executive Officer (CEO) of Ascot Bermuda Limited, to lead the expansion of the firm’s treaty reinsurance offerings in the US market.
To serve in his new role, Keith will relocate to the US later this year. This leadership transition underscores the company’s commitment to strategic expansion and innovation within its specialty reinsurance business.
The appointment marks the re/insurer’s intention to broaden its reinsurance offerings in the US beyond its current facultative capabilities.
Through the introduction of expanded treaty offerings within this market segment, the company anticipates long-term profitable growth and the opportunity to provide enhanced solutions to its growing client base.
Keith brings deep expertise in developing and managing multidisciplinary treaty portfolios, making him well-equipped to drive this initiative and deliver greater value to Ascot stakeholders, explained the firm.
Driven by this transition, Marc Amen, CEO of North America, will assume the responsibilities of interim CEO of Bermuda.
Ascot stated, “The company is deeply grateful for Justin’s leadership in Bermuda and excited about the prospects ahead as he steps into his new role.”
Amen commented, “We expect these updates to enable continued success and growth at Ascot. We also look forward to working more extensively with our reinsurance clients across North America and continuing to deliver the value they have come to expect from our organisation.”
