Ascot

Ascot cargo chief McGill resigns as marine displacement continues

The next destination of the underwriter is not known and comes following a change in Ascot’s leadership.

Samuel Casey, 18 April 2023
Ascot Syndicate 1414’s CoR worsens to 94.7%

The syndicate’s net loss ratio in 2022 was 60.3%, an increase of 4.7 percentage points from 55.6% the prior year.

Abbie Day, 31 March 2023
Three risks Zaffino must master to make a success of Ascot

The in-coming CEO must ensure a smooth transition, land the “London-out strategy” started by Brooks, and handle CPPIB’s exit.

Adam McNestrie, 08 February 2023
Zaffino appointed Ascot CEO as Brooks announces retirement

Jonathan Zaffino joined Ascot in 2020 and was responsible for running the carrier’s (re)insurance platforms in the US and Bermuda.

Aisling Finn, 06 February 2023
Ascot head of reinsurance Cantlay retires

The executive has spent almost 50 years in the sector.

Rachel Dalton, 01 February 2023
Ascot exits US retro market as severe capacity crunch looms

It is understood that Ascot will continue to write worldwide retro business.

Catrin Shi, 18 November 2022
Opinion: What’s next for Ascot after the Blackstone saga?

Even without the uncertainty of an imminent takeover, the path ahead will not be easy for Ascot.

Catrin Shi, 16 November 2022
Ascot process reboot unlikely near term as Blackstone deal called off

Management are now likely to focus on growing the business given the turn in market conditions, rather than rebooting the process immediately, sources said.

Catrin Shi, 15 November 2022
The Week in 90 Seconds: Ascot-Blackstone; IG and airline renewals; D&O jurisdiction hopping

Plus the latest executive moves and all the top stories of the week.

Samuel Casey, 11 November 2022
Ascot-Blackstone talks remain live as Ian, M2M losses complicate deal

The two sides have been in bilateral discussions since June, with a view to CPPIB achieving liquidity on its investment.

Adam McNestrie, 07 November 2022
Ascot resumes underwriting of Black Sea grain cover

The insurer resumed underwriting on the grain corridor after Russia announced it would resume participation in a UN shipping agreement.

Aisling Finn, 02 November 2022
Ascot pauses Ukraine grain underwriting after Russia pulls out of UN deal

The insurer is hopeful it can recommence quoting once it has clarity on the situation in the Black Sea.

Samuel Casey, 31 October 2022