Ascot
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Plus, the latest people moves and all the top news of the week. -
He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
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The syndicate achieved a profit despite a “relatively heavy” catastrophe year.
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Ascot Underwriting CEO Ian Thompson, who took the helm last summer, discussed emerging headwinds.
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The carrier has undertaken work to give it “optionality” for a public listing, but has no plans to list in the short term.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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The hull market is currently experiencing high levels of competition.
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Based in Ascot’s London office, he will develop and lead claims strategies.
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He replaces Neill Currie, who will assume the role of independent director.
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The underwriting units produced revenue of $11mn in the year to 30 June.
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The unit will support Ascot’s third-party capital business.
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