ASCOT GROUP OVERVIEW
Ascot Group Limited is a Bermuda domiciled global specialist in insurance and reinsurance. Built on a foundation of underwriting expertise, the Group comprises four divisions: Ascot Underwriting Limited-a Managing Agent for Syndicate 1414 at Lloyd’s; Ascot Reinsurance Company Limited-a Bermuda based specialty reinsurer; Ethos Specialty Insurance Services LLC-a New York based Managing General Underwriter (MGU); and Ascot Insurance U.S. – an admitted and surplus lines insurance business.
Ascot Group is owned by Canada Pension Plan Investment Board (CPPIB), the largest pension plan in Canada with over C$300 billion in invested assets and is ‘AAA’ rated by S&P and Moody’s.
Our culture of collaboration, dedication, empowerment and accountability is the fabric of our company.
Our leadership is epitomized by our people and our underwriting approach.
Our integrity is reinforced by our track record and dedication to our clients, brokers and partners.
Our Strategic Enablers
We mentor our people to embrace an entrepreneurial spirit and develop strong leadership qualities.
We are committed to enhancing our underwriting, product innovation and operational efficiencies by continually investing in technology and analytics.
We have access to substantial long-term financial capital to fund strategic growth through CPPIB.
CANADA PENSION PLAN INVESTMENT BOARD
ABOUT CPP INVESTMENT BOARD (CPPIB)
CPPIB is a leading global professional investment management organization that invests the assets of the Canada Pension Plan (CPP) not currently needed to pay benefits. Their critical purpose is to help provide a foundation upon which 20 million contributors and beneficiaries build their financial security in retirement.
Through their investment departments (Public Market Investments, Private Investments, Real Assets and Investment Partnerships) CPPIB invest globally in public equities, private equities, real estate, infrastructure and fixed income instruments, including both private and public debt.
CPPIB is headquartered in Toronto, with international offices in Hong Kong, London, Luxembourg, Mumbai, New York, São Paulo and Sydney. CPPIB actively fosters a culture of intellectual rigour, discipline, integrity and high performance.
CPPIB seeks to become a trusted partner in priority markets, able to source and participate in opportunities that require local presence, talent and a reputation as a professional investment organization.
At December 31, 2017, the CPP Fund has net assets of C$337.1 billion, making it Canada’s largest single-purpose pension fund and ranking among the 10 largest retirement funds in the world today.
$337.1 BILLION CPP Fund net assets
$375 BILLION Projected CPP Fund assets by 2020
$800 BILLION Projected CPP Fund assets by 2030
7.4% 10 – year annualized rate of return (net nominal)
*Projections of the CPP Fund, being the combined assets of the base and additional CPP accounts, are based on nominal projections from the 27th and 28th Actuarial Reports on the Canada Pension Plan as at December 31. These figures have been rounded.