Reinsurance News
Ascot
Ascot appoints Xu Cheng as Group Head of Data Strategy & Insights
3rd April 2025
Bermuda-based global specialty insurer Ascot Group has announced the appointment of Xu Cheng as Group Head of Data Strategy & Insights. In her new role, Cheng will lead and build Ascot’s Group Data Office, overseeing the development and implementation of a global data governance framework, managing data initiatives, and collaborating with ... Read the full article
Ascot Group appoints Edel Chatterton as Chief Financial Officer, UK
27th March 2025
Bermuda-based global specialty insurer Ascot Group has announced the appointment of Edel Chatterton as Chief Financial Officer, Ascot U.K. and Ascot Underwriting Limited (AUL). In this role, Chatterton will oversee Ascot U.K.'s finance organisation and capital strategy, including financial planning and analysis, tax, and treasury functions. She brings 20 years of industry ... Read the full article
Ascot announces key promotions in UK Claims
4th February 2025
Ascot, a Bermuda-domiciled global specialty insurer, has announced the promotion of James Short to Chief Claims Officer, UK, and Christine Neale as Head of Claims Operations, UK. In his new role, Short will be responsible for the Syndicate Claims function, including claims disputes and the oversight and control of all outsourced ... Read the full article
Ascot appoints Everest’s Herman as Group Head of Underwriting Performance Management
22nd January 2025
Ascot, a Bermuda-domiciled global specialty insurer, has appointed Eric Herman to the newly created role of Group Head of Underwriting Performance Management, based in the company’s Iselin, New Jersey office. In this role, Herman reports to Elizabeth Johnson, the Group's Chief Operating Officer and Mark Pepper, the Group's Chief Underwriting Officer. His ... Read the full article
Ascot appoints Bruce Sikorski as Group Head of Corporate Services
8th January 2025
Ascot, a Bermuda-based global specialty insurer, has announced the appointment of Bruce Sikorski to the newly created role of Group Head of Corporate Services. Based in Ascot’s Iselin, New Jersey office, Sikorski will report to Bill Thygeson, Group Chief Human Resources Officer. In his new role, he will oversee the day-to-day operations ... Read the full article
Everest’s Paretchan joins Ascot US as SVP of partnership engagement
6th January 2025
Insurer and reinsurer Ascot US has appointed Vahan Paretchan as Senior Vice President of Partnership Engagement for its Southeast region. In the role, he is expected to work closely with Ascot’s US colleagues, where he will help provide the firm's clients with customised, specialty insurance solutions in order to meet current ... Read the full article
Mark Benz named Head of Ascot U.S. Alternative Risk Solutions
3rd December 2024
Insurer and reinsurer Ascot has appointed Mark Benz as Executive Vice President, Head of Alternative Risk Solutions, based in the New York City area. Benz joins Ascot from AXA, where he reportedly built out the Group Captive Practice while leading the company's North American Alternative Risk Structures, overseeing all group captive ... Read the full article
Ascot appoints Anthony Mandica as Group Head of Internal Audit
22nd November 2024
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, ... Read the full article
Ascot gets minority investment from BellTower to facilitate further growth
13th November 2024
Bermuda-based global specialty insurance group Ascot has received a minority investment from BellTower Partners LLC, a private holding company that invests permanent capital to acquire significant and influential ownership positions in private businesses. BellTower reportedly upsized its private financing of Ascot due to strong demand from its investors. The firm noted that ... Read the full article
Matt Roy named Ascot US Chief Operating Officer
12th November 2024
Bermuda-based global specialty insurance company Ascot has announced the appointment of Matt Roy to the newly created role of U.S. Chief Operating Officer, effective November 18. In his new position, Roy will be tasked with aligning underwriting, operations, and technology across the U.S. and designing change initiatives to continue to enhance ... Read the full article
Grayston to serve as Ascot’s Group Treasurer & CIO, Thompson to be Group Chief Accounting Officer
28th October 2024
Ascot, the Bermuda-domiciled global specialty insurer, has announced the promotion of two senior leaders: Michael Grayston as Group Treasurer and Chief Investment Officer (CIO), and Sarah Thompson as Group Chief Accounting Officer. In his newly expanded role, Grayston will implement and oversee the group investment strategy and the group treasury functions, ... Read the full article
Kewsong Lee named Chairman of Ascot’s Board of Directors
17th September 2024
Bermuda-based global specialty insurance company Ascot Group Limited has revealed that Kewsong Lee, the Founder and CEO of BellTower Partners, will be appointed Chairman of the Ascot Board of Directors. Lee will succeed Neill Currie, Ascot's Executive Chairman, who will assume the role of Independent Director. BellTower is additionally making a minority ... Read the full article
Ryan Specialty completes Ethos Specialty’s P&C MGUs acquisition from Ascot
16th September 2024
Specialty insurance firm Ryan Specialty has completed the acquisition of Ethos Specialty Insurance’s P&C managing general underwriters (MGUs) From Ascot Group Limited. Ryan Specialty had signed a definitive agreement to acquire these MGUs back in September. Upon completion of the acquisition, Ethos P&C, established in 2017 by Ascot Group, will be ... Read the full article
Ryan Specialty to acquire Ethos Specialty’s P&C MGUs from Ascot
3rd September 2024
Ryan Specialty has signed a definitive agreement to acquire the property & casualty (P&C) MGUs owned by Ethos Specialty Insurance, LLC (Ethos P&C) from Ascot Group Limited, with the acquisition expected to close during September 2024. Ethos P&C was founded in 2017 by Ascot Group, and following completion of the acquisition, ... Read the full article
Ascot launches Leadline Capital Partners to support expanded third-party capital business
23rd August 2024
Ascot, the Bermuda-domiciled global specialty insurer, has launched a unified capital management platform, Leadline Capital Partners, to support its expanded third-party capital business. Under the Leadline Capital platform, Ascot has strategically partnered with institutional investors to provide collateralized reinsurance for its global property portfolio through a Bermuda special purpose insurer. Ascot says ... Read the full article
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