jonathan-zaffino-ascot
Jonathan Zaffino, Ascot CEO
10 March 2023News

Ascot goes digital for reinsurance placements with Supercede

Bermuda re/insurer insurance Ascot will use reinsurtech software specialist Supercede to prepare and manage all future reinsurance treaty placements, it has announced. The decision follows a successful pilot scheme for the mid-year renewals in 2022.

The solution enables Ascot to cut data at a later point for more up-to-the minute information, according to the companies. Improvements in data management also enable easy reconciliation of data, to allow more time to be spent on deal structures and finding the best markets for renewals. The solution replaces a manual process that relied on inefficient and error-prone spreadsheets and emails.

Greg Waide, Ascot head of reinsurance, said: “This is a well-designed product that can reliably help us with data challenges; importing, compiling, and organising reinsurance data in a meaningful way is difficult even at the best of times.”

Jerad Leigh, CEO of Supercede, added: “Ascot has a reputation for agility and underwriting discipline. We’re delighted to have the chance to help Ascot further highlight and enhance that reputation with the use of the Supercede platform. We’re looking forward to working with all of Ascot’s partners to make reinsurance easy for many years to come.”




More on this story

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21 April 2023   The hire will lead and develop its technology roadmap to support growth.

More on this story

News
21 April 2023   The hire will lead and develop its technology roadmap to support growth.