Ascot Group has launched its global reinsurance underwriting and ceded risk solutions platform, Ascot Reinsurance.
The platform will act as a single point of entry for the entirety of Ascot’s reinsurance products and capabilities, including enhanced client services, claims, and treaty and facultative solutions.
Ascot Re will host the existing reinsurance products from the operating companies in Ascot Group’s global markets ecosystem, such as Syndicate 1414 at Lloyd’s and Ascot Bermuda.
The platform and its operations will be led by group chief underwriting officer Mark Pepper, group CEO Andrew Brooks and group president Jonathan Zaffino.
In addition, Rory Cline will serve as president of Ascot Re US, which will be divided into property, casualty and professional liability segments, led by Libby Ismail, Tony Kashuba and Steve Robinson, respectively.
Bermuda CEO Ian Thompson will oversee the platform’s treaty operations in the region, while Simon Kimberley and Justin Keith will lead the property and casualty, and speciality lines.
Ascot Group is a subsidiary of CPP Investments, a global investment management firm primarily responsible for investing the assets of the Canada Pension Plan.
Pepper comments: “Reinsurance underwriting has been at the very heart of Ascot throughout our 20-year history, and the launch of Ascot Re allows us to work even more closely with our brokers to ensure we provide the right solution for clients, regardless of where it sits within our ecosystem.”
Zaffino adds: “Ascot Re will allow us to deliver the firm’s deep technical knowledge and multiple underwriting capabilities, backed by the group’s unique financial strength. This single alignment will help us provide tighter internal cohesion, and the delivery of exceptional product and services to our reinsurance brokers and clients.”
