Reinsurance News
Ascot
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
Ascot names Elizabeth Johnson as COO for North America insurance
16th June 2022
Ascot has promoted Elizabeth Johnson to the role of COO, North America insurance. According to the firm, the newly formed leadership position will have oversight for the strategic direction of an integrated underwriting, data, and operational organisation which provides streamlined support functions across Ascot’s North America businesses. She will continue to ... Read the full article
Ascot appoints Chiolan as EVP, Management & Professional Liability
8th June 2022
Specialty re/insurer Ascot has appointed Brian Chiolan in the newly created position - Executive Vice President, Management & Professional Liability. He will report directly to Matt Kramer, CEO, US Insurance. Within this new role, Chiolan will have oversight responsibility for the re/insurer’s US Management Liability, Financial Institutions, Professional Liability & Cyber portfolios ... Read the full article
AM Best assigns positive credit ratings to Ascot Surety & Casualty Company
25th April 2022
Ratings agency, AM Best has assigned a Financial Strength Rating of “A” (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Ascot Surety & Casualty Company (ASCC). The outlook assigned to these Credit Ratings is stable. The entity is being added as a member of the Ascot Group Limited, with ... Read the full article
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
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
