Ascot

Private equity and trade sales look challenging, which could point to an IPO if CPPIB heads for the door.

The resignation of Michael O’Connor comes amid several recent departures from Ascot.

An Ascot-led consortium will be launched at Lloyd’s, offering a variety of space cover.

Amelie Keeble-Buckle and Ellie Barr are set to join the Stephen Catlin-led carrier.

Ascot has appointed Mitch McBain as senior vice president and head of management liability in Bermuda.

The nature of the hire demonstrates the level of competition for top talent in the sector.

“When you deploy property aggregate, the return you need on that is meaningful in light of the risk that you’re assuming,” Zaffino said Thursday. “I’m not sure if a plus mid-single digit [rate increase] gets you there in light of the [loss activity] we’re looking at.”

Plus the latest senior executive moves and all the top news from the week.

Across London, the US and Bermuda, Ascot Re will provide P&C, PI and specialty lines cover via its new aligned division.

The SiriusPoint-backed business will focus on complex risks, such as IPOs, life science and SPACs.

Rates are beginning to taper in cargo as new capacity enters and staff displacement continues to be high.

Syndicates and managing agents who want third-party capital support need to deliver on profit and transparency.