Ascot taps Selective for group CFO
Ascot Group has appointed former Selective Insurance Group CFO Mark Wilcox as its new group chief financial officer.
Wilcox succeeds Joe Roberts, who is leaving after serving as CFO since 2017. Wilcox will report to group CEO and president Jonathan Zaffino.
Wilcox will be responsible for leading Ascot's global finance organisation and capital strategy, including all financial planning and analysis, tax and treasury functions, Ascot said.
"I am thrilled to welcome Mark to the Ascot family. Mark's unique and diverse experiences, along with his undisputed track record of success, will help accelerate Ascot's strategic pursuits and ambitions," said Zaffino.
"As we continue to expand our organisation globally, across both the specialty insurance and reinsurance segments, Mark's proven financial acumen will be a significant addition to our leadership team, our colleagues and our valued clients."
Wilcox led Selective’s global finance operations and capital management strategy, as well as accounting, treasury, investor relations, internal audit, investments, reinsurance, enterprise risk management, procurement, contracts, and tax, in his role as executive vice president and chief financial officer.
During his almost seven years at Selective, he oversaw the modernisation of the firm's financial reporting process. He partnered with executives across the global finance team, working closely with the board and external constituencies to help drive significant shareholder value.
"I am so honoured and proud to be joining Ascot Group, a firm I have admired for many years. I look forward to being a part of Ascot's exceptional leadership team and working to advance the company's strategic agenda.
“In a short time, I have been able to see how dynamic and entrepreneurial Ascot's culture is, and I look forward to working to elevate its mission of creating the best specialty insurance products and reinsurance solutions for clients across the globe," said Wilcox.
Prior to joining Selective, Wilcox spent more than 13 years at Renaissance Re in Bermuda where he served as senior vice president, corporate controller and chief accounting officer.
He will be based out of Ascot's Stamford, Connecticut office.
Zaffino added: "Ascot Group extends its deepest thanks to outgoing CFO Joe Roberts for his years of diligent service and leadership to the organisation."
