Speciality re/insurer Ascot has launched a global platform Ascot Re for reinsurance underwriting and client-focused ceded risk solutions.
The newly launched platform will operate as a single point of entry for all of Ascot’s reinsurance products and capabilities.
Go deeper with GlobalData
It will house all existing reinsurance offerings across Ascot’s global markets ecosystem. Existing Ascot operating companies will remain unaffected by this.
Mark Pepper, group chief underwriting officer, will lead Ascot Re, while executive oversight will be provided by Andrew Brooks, group CEO, and Jonathan Zaffino, group president.
Pepper will supervise Rory Cline, president of Ascot Re US, which provides FAC solutions. It comprises property, led by Libby Ismail, casualty, under Tony Kashuba and professional liability, under Steve Robinson.
Ascot Re will provide property & casualty treaty underwriting through Lloyd’s. Amanda Jeffrey will head property and John Pilkington will lead casualty.
Ian Thompson will oversee Bermuda operations as CEO. Its treaty operations spanning the property and casualty & speciality lines will be led by Simon Kimberley and Justin Keith.
Pepper said: “Reinsurance underwriting has been at the very heart of Ascot throughout our twenty-year history, and the launch of Ascot Re allows us to work even more closely with our brokers to ensure we provide the right solution for clients, regardless of where it sits within our ecosystem.”
Zaffino added: “Ascot Re will allow us to deliver the firm’s deep technical knowledge and multiple underwriting capabilities, backed by the Group’s unique financial strength.”
