Reinsurance News
Ascot
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
Ascot strengthens U.S. Excess Casualty team with four senior appointments
24th January 2024
Global specialty insurance firm Ascot Group has made a number of senior appointments as it looks to strengthen its U.S. Excess Casualty operations, including Ashley Hofler Hunley as Vice President (VP), Southeast; Erin Osborne as VP, Northeast; Shawna Hadjipateras as VP, West; and Brian DelTufo, as VP, Construction Product Lead. Jeff ... Read the full article
Ascot expands its Environmental insurance portfolio with new offering
10th October 2023
Global specialty insurance firm Ascot, has expanded its environmental offering with the launch of Prime PREMIER, a new fixed-site pollution product designed for clients focused on real estate, manufacturing, distribution, warehousing, industrial and development. Prime PREMIER was named for Protecting Real Estate, Manufacturing, and Industry from Environmental Risk. According to the announcement, ... Read the full article
Ascot Group appoints Mark Wilcox as CFO
5th October 2023
Bermuda-based global specialty insurance firm Ascot Group has named Mark Wilcox as its new Group Chief Financial Officer, reporting to Group CEO and President Jonathan Zaffino, effective November 8, 2023. Wilcox joins Ascot from Selective Insurance Group, where he led global finance operations and capital management strategy, as well as ... Read the full article
Ascot hires new Predictive Modeling & AI Strategy Leader
2nd October 2023
Artificial intelligence (AI) industry leader Christian Toft-Nielsen has been appointed to the role of Senior Vice President, Predictive Modeling and AI Strategy at Ascot. According to the announcement, in this newly created role, Christian will hold responsibility for developing the company's AI and analytics framework to optimize processes and drive operational ... Read the full article
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
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