Reinsurance News
Ascot
Ascot names Tara Quigley as EVP, Head of Surety
21st April 2022
Ascot has appointed Tara Quigley as Executive Vice President, Head of Surety, where she will be responsible for developing and managing Ascot’s Surety portfolio across the U.S. Quigley’s appointment marks the final stage of Ascot’s entry into the U.S. Surety market where she’ll act as the product lead, writing on behalf ... Read the full article
Ascot backs Coalition’s US cyber program
6th April 2022
Commercial lines insurtech Coalition, has announced the addition of global specialty re/insurer Ascot Group to back its US primary surplus lines cyber program through Ascot Speciality Insurance Company. This new multi-year partnership will help to provide Coalition with long-term capacity for its cyber programs, further accelerating the company’s growth. In 2021, Coalition’s ... Read the full article
Ascot promotes Keith to Specialty/Casualty CUO, Bermuda
4th April 2022
Specialty re/insurer Ascot has announced that Justin Keith has been promoted to Chief Underwriting Officer (CUO), Casualty/Specialty in Bermuda. Within this new role, Keith will oversee Ascot’s Management Liability and Healthcare insurance portfolios, along with Ascot Bermuda’s expansive Casualty/Specialty reinsurance operation. Keith’s promotion comes after spending five years at Ascot. His most ... Read the full article
Ascot Underwriting adds Andrew Birrel to board
1st April 2022
Ascot has appointed Andrew Birrell to the Board of Ascot Underwriting Limited (AUL), the Managing Agent for Syndicate 1414 at Lloyd’s, as Non-Executive Director and Chair of its Audit Committee and Investment Committee with immediate effect, after the company announced the retirement of Homi Mullan. Birrel joins the AUL board after ... Read the full article
Canada’s CPPIB pension to sell Ascot & Wilton Re stakes: Report
9th December 2021
According to a report, one of the larger pension investors that has a specialism in insurance and reinsurance markets, the Canada Pension Plan Investment Board (CPP Investments), is looking to sell two of its key investments in the space, Wilton Re and Ascot Group. Reuters has reported that the move marks ... Read the full article
Ascot launches new Space practice
8th December 2021
Specialty re/insurer Ascot has launched a new Space practice which will start as an Ascot led consortium at Lloyd’s of London. The practise will provide underwriting using advanced AI and machine learning risk modelling capabilities, combined with the extensive support services of Ascot. The consortium will offer Launch Vehicle Flight Only (LVFO), ... Read the full article
Ascot Bermuda hires Mitch McBain
12th November 2021
Specialty re/insurer Ascot has appointed Mitch McBain as Senior Vice President (SVP), Head of Management Liability in Bermuda. McBain will be responsible for the underwriting and management of Ascot’s professional and management liability insurance portfolios in Bermuda. He will help Ascot’s expansion into professional lines, collaborating closely with colleagues across the U.S. ... Read the full article
Ascot appoints former Argo exec Will Chen to US CFO role
9th November 2021
Specialty re/insurer Ascot has appointed Will Chen to lead its US business as Chief Financial Officer, a role he recently operated in at rival player Argo. Chen, who brings 25 years' experience to the role, will take on primary authority and oversight for the financial prosperity of businesses including Ascot Specialty ... Read the full article
Ascot appoints Peter Trochev to run Financial Institutions unit
22nd October 2021
Specialty insurer and reinsurer Ascot Group has announced the appointment of Peter Trochev as Senior Vice President and Head of Financial Institutions (FI). Trochev will lead Ascot’s FI strategy with a focus on expanding the range of FI products offered by Ascot throughout the US. He joins Ascot from Nationwide, where he ... Read the full article
Ascot enters US workers comp market with AmFed acquisition
30th September 2021
Specialty insurer and reinsurer, Ascot Group, has entered the U.S. workers compensation market through the acquisition of specialty workers comp carrier and third-party administrator, AmFed National Insurance Company and its subsidiaries and affiliates. Mississippi-based AmFed is a leader in the state's workers comp industry with licenses in 15 Southeastern and Midwestern ... Read the full article
Ascot’s US and Bermuda units get ratings boost from AM Best
20th September 2021
AM Best has upgraded the issuer credit ratings (ICRs) of Ascot Group’s operating subsidiaries to reflect their strategic importance to the parent company, which is forecast to achieve profitable growth over the medium term. The rating agency upgraded the long-term ICR to “a+” (Excellent) from “a” (Excellent) and affirmed the financial ... Read the full article
Ascot streamlines reinsurance business with new division
31st August 2021
Bermuda-domiciled specialty re/insurer Ascot has announced the launch of a global platform designed to serve the needs of reinsurance underwriting and client focused ceded risk solutions. Under the leadership of Group Chief Underwriting Officer Mark Pepper, Ascot Re will operate as a single point of entry for all related reinsurance products and capabilities. Executive oversight ... Read the full article
Ascot announces Boston Indemnity Company acquisition
7th July 2021
Bermuda-domiciled specialty re/insurer Ascot reached an agreement to acquire Boston Indemnity Company (BIC) from Great Midwest Insurance Company (GMIC), a subsidiary of Skyward Specialty Insurance Group. The acquisition has been described as an attempt to facilitate Ascot’s entry into the US contract and commercial surety market. It has also been stated that ... Read the full article
Ascot expands US FAC team
25th June 2021
Bermuda-domiciled specialty re/insurer Ascot has expanded its US facultative reinsurance capabilities with the appointment of Anthony Kashuba as Executive Vice President and Steve Robinson as Senior Vice President. Kashuba will help oversee Ascot’s overall North America Casualty FAC product suite and facilitate new and expanded solutions across the Casualty product spectrum. Based ... Read the full article
Ascot bolsters Ethos Specialty exec team with EVP Jeff Canfield
14th June 2021
Bermuda-domiciled specialty re/insurer Ascot has added Jeffrey Canfield as Executive Vice President, Casualty & Product Innovation for its MGU subsidiary Ethos Specialty. Canfield will lead an expansion of Ethos Specialty’s range of solutions as well as underwrite a broad suite of casualty-based products. This includes furthering the underwriting and digital capabilities of ... Read the full article
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