Ascot aligns Global Reinsurance capabilities into new division

Ascot today announces the launch of Ascot Reinsurance, a global platform dedicated to reinsurance underwriting and client focused ceded risk solutions.

The newly established platform will provide a single point of entry for all Ascot’s reinsurance products and capabilities, regardless of geography.  Ascot Re will focus on offering enhanced client services underpinned by the Ascot Group’s differentiated technical knowledge, leading underwriting capabilities across a wide range of Treaty and Facultative solutions, and proven claims capabilities. The holistic risk offering from Ascot Re will continue to be supported by the Group’s A Rated balance sheet.

Ascot Re will house all existing reinsurance products across Ascot’s global markets ecosystem, with solutions continuing to be provided through the existing Ascot operating companies. These are: Syndicate 1414 at Lloyd’s, Ascot Bermuda Limited, and various U.S. statutory companies.

Ascot Re will be led by Mark Pepper, Group Chief Underwriting Officer with executive oversight from Andrew Brooks, Group CEO, and Jonathan Zaffino, Group President.

Under Mark’s stewardship is Rory Cline, President of Ascot Re U.S., which provides FAC solutions throughout the United States comprising Property, led by Libby Ismail, Casualty, under Tony Kashuba and Professional Liability, under Steve Robinson. Through Lloyd’s, Ascot Re will provide Property & Casualty Treaty underwriting led by Amanda Jeffrey and John Pilkington respectively. In Bermuda, Ian Thompson, Bermuda CEO, oversees the robust treaty operations spanning the Property and Casualty & Specialty lines led by Simon Kimberley and Justin Keith.

Commenting on the launch of Ascot Re, Mark 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.

“This enhanced offering coincides with a thoughtful expansion of our reinsurance solutions, including the addition of Tony Kashuba and Steve Robinson in the U.S. to develop our Casualty and Professional Lines FAC capabilities, and the new remit for Rory Cline to oversee our wider U.S. reinsurance operation. I look forward to offering brokers a single point of entry for all their reinsurance underwriting, claims and service requirements.”

Jonathan Zaffino added:

“This new alignment of our global reinsurance capabilities is in direct response to requests from our clients in seeking broader reinsurance solutions from the Ascot Group.  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. This single alignment, under Mark’s leadership, will help us provide tighter internal cohesion, and the delivery of exceptional product and services to our reinsurance brokers and clients. I’m excited by the launch of Ascot Re and look forward to working closely with Mark and our team to deliver a refreshing and new offering to the reinsurance market.”