Ascot
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A significant amount of new capacity has flowed into the political violence and terror market in recent months. -
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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Michael Sevi served as general counsel and chief compliance officer at Guy Carpenter.
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Ex Ascot colleagues Gavin Wall, Chris McGill, Matthew Eve and Parth Patel are reuniting at the new unit.
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Thompson takes over as Ascot Underwriting CEO from Group CEO Zaffino.
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The carrier also appointed Pugi head of Bermuda excess casualty.
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Charles Craigs will oversee Ascot’s sidecar and other third-party capital vehicles.
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