Ascot
-
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.
-
-
Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
-
Berger to retire as Ascot promotes Thompson to Bermuda CEOAscot has promoted casualty and specialty CUO Ian Thompson to CEO of its Bermuda operation.
-
The CEO said there is still some way to go on pricing as he revealed $2.4bn premium expectations for the group in 2021.
-
The hire reflects Ascot’s push to build capabilities on the island.
-
Ben Wallace will lead the team as the syndicate continues to expand in the casualty space.
-
Syndicate 1796 is looking to unlock "billions of dollars" of insurance coverage for low-income countries.
