Ascot Re launches to bring refreshing new offering to reinsurance market
Bermuda-based global specialty re/insurance Ascot Group has expanded its global platform dedicated to reinsurance underwriting and client focused ceded risk solutions with the launch of Ascot Re.
Ascot Re will house all existing reinsurance products across Ascot’s operating companies: Syndicate 1414 at Lloyd’s, Ascot Bermuda, and various US statutory companies. The existing companies will continue to provide the solutions.
Ascot Re will give brokers “a single point of entry for all their reinsurance underwriting, claims and service requirements,” according to the group’s chief underwriting officer Mark Pepper (pictured), who will head up the new business.
“Reinsurance underwriting has been at the very heart of Ascot throughout our twenty-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,” said Pepper.
“This enhanced offering coincides with a thoughtful expansion of our reinsurance solutions, including the addition of Tony Kashuba and Steve Robinson in the US to develop our Casualty and Professional Lines FAC capabilities, and the new remit for Rory Cline to oversee our wider US reinsurance operation.”
Jonathan Zaffino, group president of Everest, stated that "the 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."
He added: " 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, under Mark’s leadership, will help us provide tighter internal cohesion, and the delivery of exceptional product and services to our reinsurance brokers and clients. I’m excited by the launch of Ascot Re and look forward to working closely with Mark and our team to deliver a refreshing and new offering to the reinsurance market.”
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