Ascot plans to expand third party capital initiatives

Ascot Group  plans to expand its third-party capital initiatives and has appointed a managing principal overseeing Ascot’s third-party capital initiatives in Bermuda.  

Former Canopius Bermuda chief executive officer Charles Craigs will report to Ian Thompson, chief executive officer, Ascot Bermuda, and will be responsible for evolving the strategy of Ascot’s sidecar and other third-party capital vehicles and ventures.

“I am certain that Charles, bringing with him superb leadership skills and a track record of capital raising success, along with nearly 25 years of industry experience, will be key to the further development and expansion of our risk partnerships as we look to achieve significant growth in our third-party efforts for Ascot in Bermuda,” said Thompson. 

“With increased investor appetite and Ascot’s record of underwriting strength and profitability, the company is well-positioned to capitalize on the opportunity ahead under Charles’ leadership.”

Craigs spent 15 years in executive leadership roles in Canopius' London and Bermuda offices, most recently serving as CEO of the Canopius Bermuda platform and Group Head of Reinsurance Underwriting. While there, Craigs managed a Class 4 insurance company and a global reinsurance portfolio and led the structuring and marketing of an ILS platform.

Craigs commented: “I look forward to articulating Ascot’s impressive narrative – a first-class underwriting offering, top industry talent and solid financials – to the investment community as we deepen relationships and grow our partnerships in the third-party space.”

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