Ascot

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.

The syndicate’s GWP reached £1.44bn in 2023, a 7% increase on 2022.

The business will be led by Alex Kirkby, new head of marine and energy.

The CEO emphasised that while trading conditions are favourable for the specialty segment, the company would make the decision to go public based on its own merit rather than market timing.