Reinsurance News
Ascot
Ascot Bermuda joins Ed’s TradEd
14th April 2021
Reinsurance broker Ed has announced that Ascot Bermuda has joined its etrading platform TradEd. The portal was launched in April last year and enables its carriers to view submissions and associated risk details, as well as make queries, see material information updates in real time and edit deal documents online. Chris Bonard, ... Read the full article
Ian Thompson takes Bermuda CEO role at Ascot
26th February 2021
Global specialty insurance and reinsurance underwriter Ascot has announced the appointment of Ian Thompson as Chief Executive Officer (CEO) for Bermuda. In this role, Thompson will assume responsibility for Ascot’s business on the island, which includes specialty insurance, reinsurance and alternative capital capabilities. Thompson joined Ascot in 2017 as Head of Casualty ... Read the full article
Ascot names Arch’s Kramer CEO of US Insurance
12th January 2021
Bermuda-domiciled specialty re/insurer Ascot has announced the appointment of Matthew Kramer as Chief Executive Officer of US Insurance. Kramer will be based in the company’s New York City office and lead all facets of Ascot’s US insurance operations. He will have direct responsibility for underwriting performance, new product development, and oversight of the ... Read the full article
Ascot appoints AXA XL’s Michael Kerrigan as Group CIO
5th January 2021
Bermuda-domiciled specialty insurer and reinsurer, Ascot, has hired Michael Kerrigan as Group Chief Information Officer (CIO), based in New York and reporting to Yvonne Costello, Group Chief Operating Officer (COO). In his new role, Kerrigan takes on responsibility for all aspects of Ascot's technology portfolio and will be tasked with progressing ... Read the full article
Ascot eyeing $400mn capital raise via senior notes offering
10th December 2020
Bermuda-domiciled specialty re/insurer Ascot is looking to raise $400 million via an offering of senior notes. The company hopes to use the new debt capital to help bolster growth opportunities across all of its insurance markets. The notes, due 2030, have a 10-year maturity and a fixed-rate coupon of 4.25% payable semi-annually. The ... Read the full article
Ascot adds Nick Greggains as CEO of Ethos Specialty
6th October 2020
Ascot Group has announced the addition of Nick Greggains, formerly of Pioneer Underwriters, as the new Chief Executive Officer (CEO) of its wholly owned Managing General Underwriter (MGU), Ethos Specialty. Following its launch in 2017, Ethos has developed eight niche programs across Property, Casualty, and Transaction Liability Insurance. In his new ... Read the full article
Ascot names US Chief Risk Officer & Head of Exposure Management
2nd October 2020
Bermuda domiciled specialty insurer and reinsurer Ascot Group has announced the appointment of Steve Guijarro as US Chief Risk Officer (CRO) & Group Head of Exposure Management. As CRO, Guijarro will have responsibility for Ascot’s enterprise risk management function in North America. In addition to these duties, as Group Head of Exposure ... Read the full article
Ascot strengthens North American operations with two senior hires
29th September 2020
Bermuda domiciled specialty insurer and reinsurer, Ascot Group, has announced two senior hires within in its North American operation, including the addition of Elizabeth Johnson as North America Chief Underwriting Officer (CUO). In her new role, Johnson will work with the firm's North America executive leadership team to develop and execute ... Read the full article
AM Best upgrades Ascot Group’s credit rating
8th September 2020
Re/insurer, Ascot Group and its subsidiaries have had their credit ratings upgraded by international financial services ratings agency, A.M. Best. Specifically, the ratings agency has upgraded the Financial Strength Rating to positive from stable and the Long-Term Issuer Credit Ratings (Long-Term ICR) is to stay as “A” (excellent) for Ascot Bermuda ... Read the full article
Ethos Specialty launches U.S. real estate liability program
18th May 2020
Ethos Specialty has announced the launch of a new commercial general liability program for U.S. real estate owners and managers. The new Real Estate program targets apartments, condos, coops and commercial properties, and leverages advanced third party data analytics via multiple APIs, which are sensitive to the individual locations rather than ... Read the full article
Ascot names Everest’s Jonathan Zaffino as Group President
28th April 2020
Ascot Group, a global provider of specialty insurance and reinsurance solutions, has announced the appointment of Everest Insurance's Jonathan Zaffino as Group President. Zaffino will be based in the company's New York office and joins the firm after completing his contractual obligations with Everest Re. It was announced yesterday that Zaffino, ... Read the full article
Parsyl raises $15m, launches suite of tech-enabled cargo insurance products
16th April 2020
Approved Lloyd's coverholder and supply chain data platform, Parsyl, Inc., has announced that Parsyl Insurance has launched a suite of connected cargo insurance solutions for perishable goods, called ColdCover. The new suite of solutions will be powered by the firm's IoT data platform and includes an innovative, industry-first parametric spoilage product, ... Read the full article
AXIS Capital’s Drew Walter joins Ascot to lead Cyber & Commercial E&O
20th December 2019
Ascot has named AXIS Capital’s Drew Walter as Executive Vice President and Head of Cyber & Commercial E&O, based in New York. In his new role, Walter will be tasked with building a business writing cyber as well as technology, media and miscellaneous E&O classes of business. He joins the firm from ... Read the full article
Ascot hires Crystal Greene as Head of US Management Liability
19th December 2019
Bermuda domiciled specialty insurer and reinsurer, Ascot Group, has expanded its US Management Liability and Financial Institutions group with the of Crystal Greene as Senior Vice President, Head of Management Liability. Greene will lead Ascot’s commercial D&O and related product business in the US from Atlanta. She joins Ascot with 25 years ... Read the full article
Ascot appoints four from Allied World to excess casualty team
29th October 2019
Bermuda domiciled specialty insurer and reinsurer, Ascot Group, has appointed a new excess casualty team, including the addition of Patrick Kenahan as Head of Excess Casualty in Bermuda. Alongside Kenahan, Ascot has also announced that Jason Pugi, Kimberley Pursell, and Michael Watkins have joined as Senior Vice Presidents. The entire team has ... Read the full article
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