Ascot brings reinsurance under one roof

Specialty re/insurer Ascot has  announced the launch of a new global platform for reinsurance underwriting and ceded risk.

Bermuda-based Ascot Re will house all existing reinsurance products across Ascot’s operating companies: Syndicate 1414 at Lloyd’s, Ascot Bermuda Limited, 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, who heads 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.”