Ascot picks ex-RenRe vet as new group CFO replacing Roberts
Bermuda-based global specialty insurer Ascot Group has appointed a former RenaissanceRe veteran who most recently led global finance operations and capital management strategy at Selective Insurance Group, to the key position of chief financial officer (CFO).
Ascot has hired Mark Wilcox (pictured) as its new group CFO, reporting to group CEO and president Jonathan Zaffino, effective November 8, 2023. Wilcox replaces outgoing CFO Joe Roberts.
In his new role, Wilcox will be responsible for leading Ascot’s global finance organisation and capital strategy, including all financial planning and analysis, tax and treasury functions.
Wilcox joins Ascot from Selective, where he held the role of executive vice president and chief financial officer. During his almost seven years at Selective, he oversaw the modernisation of the firm’s financial reporting process, and worked closely with the board and external constituencies to help drive shareholder value.
Prior to joining Selective, Wilcox spent over 13 years at RenaissanceRe in Bermuda where he served as senior vice president, corporate controller and chief accounting officer. There he managed a global team across finance, investor relations, actuarial and tax, and strengthened the firm’s financial operations, processes, and reporting.
“I am thrilled to welcome Mark to the Ascot family. Mark’s unique and diverse experiences, along with his undisputed track record of success, will help accelerate Ascot’s strategic pursuits and ambitions,” said Zaffino. “As we continue to expand our organisation globally, across both the specialty insurance and reinsurance segments, Mark’s proven financial acumen will be a significant addition to our leadership team, our colleagues and our valued clients.”
Wilcox commented: “I am so honored and proud to be joining Ascot Group, a firm I have admired for many years. I look forward to being a part of Ascot’s exceptional leadership team and working to advance the company’s strategic agenda. In a short time, I have been able to see how dynamic and entrepreneurial Ascot’s culture is, and I look forward to working to elevate its mission of creating the best specialty insurance products and reinsurance solutions for clients across the globe.”
Zaffino added: “Ascot Group extends its deepest thanks to outgoing CFO Joe Roberts for his years of diligent service and leadership to the organisation.”
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