Reinsurance News
Ascot
Ascot & Antares Capital to launch Bermuda-based reinsurance sidecar, Wayfare Re
31st July 2025
Global specialty re/insurance firm Ascot Group Limited and alternative credit manager Antares Capital have partnered to launch Wayfare Reinsurance Limited, a Bermuda-based reinsurance sidecar, together with Canro Re Limited, a Bermuda-based segregated account company (collectively Wayfare Re). Wayfare Re will be capitalised with about $500 million in equity from Antares and ... Read the full article
Ascot & Antares Capital reportedly partnering on $500m reinsurance sidecar Wayfare Re
31st July 2025
Insurer and reinsurer Ascot Group is reportedly partnering with Antares Capital, a private-credit firm, on a $500 million transaction to create a Bermuda-based reinsurance sidecar called Wayfare Reinsurance, according to a report by The Wall Street Journal. It's been reported that the new reinsurance sidecar will be capitalised via equity investments ... Read the full article
Ascot appoints CNA’s Steven Goldman as Global Head of Distribution
25th June 2025
Global specialty re/insurer Ascot Group has announced the appointment of Steven Goldman as Global Head of Distribution, a newly created role, effective July 7, 2025. Based in Stamford, CT., Goldman has been tasked with developing, leading and executing Ascot's global distribution strategy, as well as supporting the company's mission “to be ... Read the full article
Ascot adds Rosalind Brewer, Martin Flanagan, and Robert Sewell to Board
19th June 2025
Bermuda-domiciled global specialty re/insurer Ascot Group has appointed Rosalind Brewer, Martin Flanagan, and Robert Sewell to its Board of Directors, pending regulatory approval. These strategic appointments align with the company’s long-term goal to strengthen its leadership. Since June 2024, Sewell has served as the Chairman of the Board of Ascot Underwriting Limited ... Read the full article
Ascot raises ~$350m via senior notes
14th May 2025
Bermuda-domiciled global specialty re/insurer Ascot Group has priced the offering of $350 million aggregate principal amount of 6.349% fixed-rate reset senior notes due in 2035, as the carrier looks to be more financially flexible. The senior notes have a 10-year maturity and are rated investment grade, including BBB- by S&P Global ... Read the full article
Ascot appoints RenRe’s Marc Amen as CEO, North America
9th April 2025
Bermuda-domiciled global specialty re/insurer Ascot Group has appointed Marc Amen as Chief Executive Officer (CEO) North America, effective later this year, after he completes his current obligations. In the new role, Amen will be responsible for all operating facets of Ascot U.S. and Ascot Bermuda insurance and reinsurance companies. Additionally, he will ... Read the full article
McKeon to head Ascot’s US Middle Market Loss Sensitive Casualty
9th April 2025
Ascot, a Bermuda-domiciled global specialty insurer, has appointed Christopher McKeon to lead the company’s new U.S. Middle Market Loss Sensitive Casualty segment. Reporting to David Zimmerman, Executive Vice President, Primary Casualty, McKeon will be managing the development of strategic and tactical initiatives to drive a profitable loss sensitive Middle Market Primary ... Read the full article
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
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