Reinsurance News
Ascot
Gerald Erasmus joins Ascot Group as Reinsurance Controller
11th July 2023
Gerald Erasmus has joined specialty re/insurer Ascot Group as Reinsurance Controller, a role based in the firm's Bermuda office. Erasmus joins Ascot Group after almost seven years with RenaissanceRe, where he most recently served as AVP Controller - Casualty & Specialty Ceded. He joined the company as Senior Reinsurance Accountant in 2017 ... Read the full article
Ascot names John Kuhn as SVP, Management Liability and Head of Large Public
24th May 2023
Specialty re/insurer Ascot has appointed John Kuhn as Senior Vice President, Management Liability and Head of Large Public. In his new role, Kuhn will spearhead the development and execution of Ascot's Large Public Directors & Officers (D&O) strategy, with a primary focus on underwriting excellence and portfolio management through dual distribution ... Read the full article
Ascot launches innovative portal for Lloyd’s coverholders
15th May 2023
Specialty insurer and reinsurer Ascot announced the launch of its new portal designed exclusively for Lloyd's coverholders. The portal will initially be introduced with a coverholder based in Australia, marking a significant step forward for Ascot in streamlining the distribution chain and enhancing its relationship with coverholders and customers through technology. "By ... Read the full article
Owen Williams appointed Ascot US CIO
18th April 2023
Specialty re/insurer Ascot has appointed Owen Williams to the newly created role of Chief Information Officer (CIO), Ascot US. The firm noted that in this new role, Williams will be responsible for leading, developing and evolving its business technology roadmap to support the rapid growth of the organisation. A well-known veteran across ... Read the full article
Mark Totolos appointed Ascot US SVP
11th April 2023
Specialty insurer and reinsurer Ascot has announced the appointment of Mark Totolos as Senior Vice President, Captive Solutions, Ascot US. Totolos will be a part of the Portfolio Solutions group and will report into Tony Lyons, Head of Portfolio Solutions. In this newly created role, he will be responsible for setting and ... Read the full article
Ascot to use Supercede for reinsurance submission data management
8th March 2023
Specialty insurer and reinsurer Ascot has announced that it plans to use software from reinsurtech specialist Supercede to prepare and manage its reinsurance treaty placements going forward. Ascot undertook the scaled pilot of Supercede’s product for the mid-year 2022 renewals and found use from the firm’s data validation, cleansing, and profile ... Read the full article
Ascot hires Jeff Canfield to lead unified casualty business structure
6th March 2023
Ascot US has announced a new structure for its Casualty business, which will be led under the strategic direction of Jeff Canfield, EVP, Head of Casualty. The specialty re/insurer has confirmed that its E&S Casualty, Excess Casualty, and Environmental businesses will now be under one unified structure. Based in New York, Canfield is ... Read the full article
Jonathan Zaffino named CEO of Ascot as Andrew Brooks retires
6th February 2023
Ascot Group has announced the appointment of Jonathan Zaffino as Group President and Chief Executive Officer (CEO), after the retirement of Andrew Brooks, effective immediately. Zaffino joined the firm in 2020, and currently serves as Group President. During his tenure, he has been responsible for the Group’s U.S. and Bermuda ... Read the full article
Insurance rates to stay flat for Ukraine grain cargo shipments
22nd December 2022
Rates will not increase for Ukraine grain cargo insurance as the ‘AsOne’ Black Sea facility - which provides cover for shipments via Ukraine's grain export corridor - is to continue next year, Chris McGill, Ascot's head of cargo, told Reuters. Twenty-one insurers are part of the cargo insurance facility, led ... Read the full article
Ascot expands US marine team with new hires
9th November 2022
Specialty insurer and reinsurer Ascot has appointed Jon Mosby to be its new senior vice president and head of inland marine. The firm said in a statement that Mosby will report to Tom Nasso, executive vice president and head of US marine, and will be be responsible for managing Ascot’s US ... Read the full article
Ascot unveils new MPL Business Unit
28th September 2022
Specialty re/insurance group Ascot has launched a Miscellaneous Professional Liability (MPL) to provide comprehensive coverage for a wide range of various professional service industries. With the launch of a new MPL unit, this will further broaden Ascot’s specialty product suite, which therefore will help firms to achieve the certainty and resiliency ... Read the full article
QBE sells Irish portfolio renewal rights to Ascot
28th September 2022
Australia headquartered insurer QBE has announced the sale of select Irish Casualty commercial insurance portfolios to the Ascot Group via a renewal rights transaction. The sale follows QBE’s decision earlier this year to conduct a phased withdrawal from underwriting certain Republic of Ireland-domiciled direct insurance business. Under the terms of the deal, ... Read the full article
Marsh & Ascot’s Ukrainian grain insurance facility now open to Lloyd’s brokers
23rd August 2022
Insurance broker Marsh and global specialty re/insurer Ascot Group have announced the first insurance placement for the new Marine Cargo and War facility. Launched earlier this month, the facility provides coverage for vital grain and food products transitioning through safe corridors established by the newly signed Black Sea Treaty between ... Read the full article
Ascot & Marsh to provide insurance for Ukraine sea corridor
29th July 2022
Specialty re/insurance group Ascot and broker Marsh have launched a marine cargo and war facility, which will provide coverage for vital grain and food products transitioning through safe corridors established by the newly signed Black Sea Treaty between Russia and Ukraine. Placed by Marsh, and led by Ascot, the Lloyd’s facility ... Read the full article
Ascot names Tom Nasso to lead new US Marine Insurance structure
8th July 2022
Specialty insurer and reinsurer, Ascot has announced the launch of a new US Marine Insurance structure. The structure will be led by Tom Nasso, Executive Vice President. The new insurance division will combine Ascot’s US Ocean Marine portfolio and US Inland Marine capabilities into a newly aligned underwriting unit. At the same time, ... Read the full article
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