Former RenaissanceRe CEO Currie resurfaces at Ascot Group

Bermuda-based holding company Ascot Group (AGL) has appointed former RenaissanceRe CEO Neill Currie as its executive chairman.

Currie was previously CEO of RenaissanceRe Holdings, a company he co-founded in 1993, and led from 2005, until his retirement in 2013.

In his role as executive chairman, Currie will work with AGL’s management and board of directors to grow its operations and capabilities through a variety of strategic initiatives including organic growth programmes, joint ventures, strategic investments and acquisitions, the company said.

"We are thrilled to have an individual of Neill’s calibre join as the Executive Chairman,” said Andrew Brooks, CEO of AGL. "His deep expertise, excellent reputation and proven track record as a visionary in the insurance and reinsurance industry will position AGL well as it looks to build a leading global P&C insurance platform."

Currie commented: "I am looking forward to working with the many people associated with AGL to build a company that will provide its clients with an array of best-in-class insurance and reinsurance solutions."

AGL owns Ascot Underwriting, which manages Syndicate 1414 at Lloyd’s, and managing general agency Ascot Underwriting Bermuda, a managing general agency.

The company stated that Canada Pension Plan Investment Board (CPPIB), who acquired these operations in 2016, will invest and build a global property and casualty (P&C) insurance and reinsurance platform through AGL.