Ascot
-
The treaty underwriter is set to run an MGA within the group. -
The executive said claims can be a differentiator in a softening market.
-
The vehicle will support Ascot’s casualty business in the US and Bermuda.
-
Plus, the latest people moves and all the top news of the week.
-
Goldman will join Ascot next month to take on the newly created role.
-
The appointments are pending regulatory approval.
-
The CEO said Ascot would deploy capital where it sees opportunities.
-
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.
-
The syndicate achieved a profit despite a “relatively heavy” catastrophe year.
-
Ascot Underwriting CEO Ian Thompson, who took the helm last summer, discussed emerging headwinds.
-
The carrier has undertaken work to give it “optionality” for a public listing, but has no plans to list in the short term.
-
Jack Gardner and Tom Kirwan remain in post at Ascot.
-
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.
-
Based in Ascot’s London office, he will develop and lead claims strategies.
-
He replaces Neill Currie, who will assume the role of independent director.
-
The underwriting units produced revenue of $11mn in the year to 30 June.
-
The unit will support Ascot’s third-party capital business.
-
Michael Sevi served as general counsel and chief compliance officer at Guy Carpenter.
-
Ex Ascot colleagues Gavin Wall, Chris McGill, Matthew Eve and Parth Patel are reuniting at the new unit.
-
Thompson takes over as Ascot Underwriting CEO from Group CEO Zaffino.
-
The carrier also appointed Pugi head of Bermuda excess casualty.
-
Charles Craigs will oversee Ascot’s sidecar and other third-party capital vehicles.
