Ascot Realigns Global Reinsurance With Launch of Ascot Re

HAMILTON, BERMUDA — Ascot announced the launch of Ascot Reinsurance, a global platform dedicated to reinsurance underwriting and ceded risk and providing a single point of entry for all Ascot’s reinsurance products and capabilities, regardless of geography.

Ascot Re will house all existing reinsurance products across Ascot’s global markets system, with the existing Ascot operating companies continuing to provide the products.. These are: Syndicate 1414 at Lloyd’s, Ascot Bermuda Limited, and various U.S. statutory companies.

Ascot Re will be led by Mark Pepper, group chief underwriting officer with executive oversight from Andrew Brooks, group chief executive officer, and Jonathan Zaffino, group president.

Under Pepper’s stewardship is Rory Cline, president of Ascot Re U.S., which provides facultative products throughout the U.S. This unit comprises property, led by Libby Ismail; casualty, under Tony Kashuba and professional liability, under Steve Robinson.

Through Lloyd’s, Ascot Re will provide property/casualty treaty underwriting led by Amanda Jeffrey and John Pilkington. In Bermuda, Ian Thompson, Bermuda CEO, oversees the treaty operations spanning the property/casualty and specialty lines led by Simon Kimberley and Justin Keith.

“This new alignment of our global reinsurance capabilities is in direct response to requests from our clients in seeking broader reinsurance solutions from the Ascot Group,” commented Zaffino.

Ascot Re will continue to be supported by the Ascot Group’s A-rated balance sheet.

Ascot Reinsurance Co. Ltd. was previously the legal and brand name for Ascot’s operations in Bermuda, which were rebranded to Ascot Bermuda Limited in 2019. The new Ascot Re has no connections to this previous name, the company said.

Topics Reinsurance