Ascot launches marine and energy treaty reinsurance business
Specialty re/insurer Ascot has tapped Validus Re and Lancashire to launch a marine & energy treaty reinsurance business.
Alex Kirkby has joined Ascot as senior vice president, head of marine & energy, Bermuda. He is supported by Emma Foxley as vice president, marine and energy, Bermuda.
Kirkby, who was vice president at Validus Re, will be responsible for underwriting marine, energy and composite business. He joins Ascot with more than a decade of experience in the marine & energy space. Prior to Validus, he spent time at both PartnerRe and Willis Re.
Foxley joins from Lancashire Insurance Group, where she worked as an underwriter in the specialty reinsurance segment. Prior to Lancashire, she worked as a portfolio analyst at Markel CATCo Investment Management. She has spent her insurance career in Bermuda developing and deepening key relationships with clients across the region.
Simon Kimberley, chief underwriting officer, property, Ascot Bermuda said: “I am delighted to welcome Alex and Emma as we augment our Marine and Energy offerings at Ascot. Alex and Emma’s combined expertise, experience and strong broker and client connections will complement our existing group relationships and capabilities.
“Ascot has long been regarded as a leader in the marine sector and this strategic expansion into Marine & Energy Treaty business underscores our continued commitment to the space.”
Kirkby added: “Ascot is a company that is centred around underwriting excellence, collaboration, and an entrepreneurial culture.
“I am delighted to join their team of dedicated industry professionals and bring my knowledge and leadership experience to the company’s Bermuda platform to launch the Marine & Energy Treaty portfolio alongside Emma Foxley. With this new business capability, Ascot will continue to support and strengthen its excellent value proposition for both our clients and brokers.”
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