Ascot appoints Zaffino new CEO as Brooks retires


Ascot appoints Zaffino new CEO as Brooks retires

Jonathan Zaffino, Ascot CEO

Ascot, which retains a significant Bermuda presence, has unveiled a new CEO following the retirement of Andrew Brooks.

Jonathan Zaffino (pictured) takes the reins of the company as group president & CEO. Brooks has agreed to continue to serve as a Director on Ascot’s Board.

Currently group president at Ascot, Zaffino joined the organization in 2020. During his time at Ascot, he was responsible for the group’s US and Bermuda insurance and reinsurance platforms. Prior to joining Ascot, Zaffino held a number of executive and management positions at leading underwriting and brokerage organizations.

“Management and the Board have worked together over the years to ensure we had a strong succession plan in place, and we’re pleased to be able to promote from within for the CEO role. On behalf of the Board of Directors, I’d like to congratulate Jon on this well-deserved appointment and look forward to working with him and Ascot’s management to continue Ascot’s success as one of the world’s pre-eminent specialty insurance and reinsurance organizations,” said Neill Currie, executive chairman.

“We’d also like to extend our gratitude to Andrew Brooks. He joined the company at its inception and has led the organization with distinction. He has been critical to the firm’s success, overseeing the growth of Ascot from a Lloyd’s of London business to a global platform with operations in the US and Bermuda. He has also been a hugely influential figure in the London insurance industry, currently serving as Chairman of the Lloyd’s Market Association and member of the Boards of the Council of Lloyd’s and London Market Group. We look forward to continuing to work with him in an advisory capacity as he remains on the Board of Directors.”

Zaffino added: “I’m honored to take on the role of CEO at Ascot and build upon the strong foundations established under Andrew’s leadership, and I look forward to continuing to work with him in his capacity as a Board Director. I also look forward to partnering with the Board, Management and the entire Ascot team to further execute on the great success of the company. The future of the business is very bright, and I believe we have the right strategy, culture and colleagues across the globe to deliver leading solutions and capabilities to our clients.”

Ascot, Zaffino, Appointment, Insurance, Reinsurance, Bermuda

Bermuda Re