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Ascot Appoints Managing Principal for Bermuda Third-Party Capital

HAMILTON, BERMUDA, April 3, 2024 – Ascot Group today announced the appointment of Charles Craigs as Managing Principal overseeing Ascot’s Third-Party Capital initiatives in Bermuda. Craigs will report to Ian Thompson, Chief Executive Officer, Ascot Bermuda.

In this newly created role, Craigs will be responsible for evolving the strategy of Ascot’s sidecar and other third-party capital vehicles and ventures.

“I am certain that Charles, bringing with him superb leadership skills and a track record of capital raising success, along with nearly 25 years of industry experience, will be key to the further development and expansion of our risk partnerships as we look to achieve significant growth in our third-party efforts for Ascot in Bermuda,” said Thompson. “With increased investor appetite and Ascot’s record of underwriting strength and profitability, the company is well-positioned to capitalize on the opportunity ahead under Charles’ leadership.”

Craigs is an industry professional with significant experience across management, underwriting, capital, and operations functions. He joins Ascot from Canopius Re, where he spent 15 years in executive leadership roles in the company’s London and Bermuda offices, most recently serving as Chief Executive Officer of the Canopius Bermuda platform and Group Head of Reinsurance Underwriting. While there, Craigs managed a Class 4 insurance company and a global reinsurance portfolio, and led the structuring and marketing of an ILS platform.

Craigs commented: “I look forward to articulating Ascot’s impressive narrative – a first-class underwriting offering, top industry talent and solid financials – to the investment community as we deepen relationships and grow our partnerships in the third-party space.”

This communication is intended for informational purposes only. Statements of coverage availability and scope are general in nature, subject to change and underwriting of any individual risk, and provide no guaranty or warranty of coverage, express or implied. Products and services are offered through insurance company affiliates within the Ascot Group. Not all products and services are available in every jurisdiction, and some may be available in the United States only on a surplus line basis through licensed surplus line brokers. The precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk. California Surplus Lines License: Ascot General Insurance Agency, Inc. License #: 0K61371.