Reinsurance News
Ascot
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
Aon’s Aurori joins Ascot’s U.S. Excess Casualty team as VP, Northeast Region
21st August 2024
Ascot, the Bermuda-based global specialty insurance company, has announced that Derek Aurori has joined the company's U.S. Excess Casualty team, taking on the role of Vice President for the Northeast region. Based in New York, Aurori joins the firm following a near 10-year tenure at global re/insurance group Aon. During his time ... Read the full article
Ascot U.S. to enhance financial and accounting operations with Phinsys partnership
12th July 2024
Ascot U.S, a P&C re/insurer part of Ascot Group Limited., has partnered with Phinsys, a finance automation software provider for the re/insurance sector, to modernise its business technology landscape and enhance its financial and accounting operations. This partnership enabled Ascot U.S. to enhance operational efficiency, address regulatory demands, and remain at ... Read the full article
Ascot names Michael Sevi as Group General Counsel
25th June 2024
Ascot Group Limited, the Bermuda-domiciled global specialty insurer, has appointed Michael Sevi as Ascot Group General Counsel, reporting to Group Chief Executive Officer and President, Jonathan Zaffino. Simultaneously, the insurer has also promoted John Gill to the role of U.S. General Counsel, with immediate effect. Sevi’s remit at the firm will be ... Read the full article
Thompson appointed AUL CEO, Keith to lead Ascot Bermuda Limited
6th June 2024
Ascot, a Bermuda-based global specialty insurance company, has appointed Ian Thompson as Chief Executive Officer and Director of Ascot Underwriting Limited (AUL) and Justin Keith as President and Chief Executive Officer of Ascot Bermuda Limited. Thompson is taking over the London-based role from Jonathan Zaffino. As CEO and Director of AUL ... Read the full article
Paragon Insurance & Ascot Group partner to deliver client solutions
20th May 2024
National multi-line managing general agent (MGA), Paragon Insurance Holdings LLC, has entered into a partnership with Ascot Group, which is set to leverage both of the organisations strengths and capacities. In its first program partnership, Ascot will support Paragon’s public entity casualty insurance program, Trident Public Risk Solutions (Trident). Ultimately, this collaboration ... Read the full article
Ascot Group makes senior leadership changes in Bermuda
3rd May 2024
Ascot Group, the global specialty insurance firm, has appointed Michael Watkins to the newly created role of Head of Bermuda Insurance, simultaneously, Jason Pugi has been named the Head of Bermuda Excess Casualty. Watkins will be supported by the Bermuda platform’s segment leaders in this new role. According to the insurer, he ... Read the full article
Erin Osborne named Head of U.S. Excess Casualty, Ascot
1st May 2024
Ascot Group, the global specialty insurance firm, has appointed Erin Osborne to the role of Head of U.S. Excess Casualty, where she will assume full management and leadership responsibility for the business unit. The role will also see her lead the strategic planning for future growth across the market segment. In the ... Read the full article
Ascot names Charles Craigs Managing Principal, Bermuda Third-Party Capital
4th April 2024
Ascot Group has appointed Charles Craigs as Managing Principal overseeing the firm's Third-Party Capital initiatives in Bermuda. Craigs holds experience across management, underwriting, capital, and operations functions, and joins Ascot from Canopius Re, where he spent 15 years in executive leadership roles in the company’s London and Bermuda offices. He most recently ... Read the full article
Ascot announces new parametric insurance capabilities
2nd April 2024
Global specialty insurance firm Ascot has announced the establishment of a new parametric insurance capability to complement its Property offering. This enhanced capability will be led by Mark Pepper, Ascot Group Chief Underwriting Officer and supported by the London property underwriting team. Available across perils and a range of industries, Ascot’s parametric ... Read the full article
Ascot launches Marine & Energy Treaty business led by Alex Kirkby
21st February 2024
Ascot Group, a global specialty insurance firm, has announced the launch of its Marine & Energy Treaty reinsurance business. Alex Kirkby has been appointed as Senior Vice President and Head of Marine & Energy, Bermuda, with support from Emma Foxley, who will serve as Vice President of the division in ... Read the full article
Ascot names Elizabeth Johnson Group COO
30th January 2024
Bermuda-based global specialty insurance firm Ascot Group has announced the appointment of Elizabeth Johnson as Group Chief Operating Officer (COO), effective immediately. Johnson brings to her new role extensive Property & Casualty industry experience and an excellent track record of developing and leading successful business operations. She will be responsible for leading ... Read the full article
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