Ascot hires former RenRe CEO as new executive chairman

Ascot Group (AGL), a Bermuda-based holding company, has announced the appointment of Neill Currie as its executive chairman.

Currently, AGL holds Ascot Underwriting, a global specialty insurance underwriter, which manages Syndicate 1414 at Lloyd’s, and Ascot Underwriting Bermuda, a managing general agency. 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.

“The opportunity to work with AGL’s management team and CPPIB to build a dynamic and global P&C company is uniquely compelling. 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,” said Currie.

Currie was previously CEO of RenaissanceRe Holdings, a company he co-founded in 1993, and led from 2005, until his retirement in 2013. During his role as CEO, Currie led the company through its growth and evolution to become a preeminent provider of reinsurance and insurance globally.

“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.”

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 programs, joint ventures, strategic investments and acquisitions.