Ascot unveils new group chief actuary role

Ascot has unveiled Matthew Lillegard as its new group chief actuary, a newly created position.

Lillegard takes on responsibility for leading Ascot Group’s actuarial functions, working in close collaboration with colleagues across Ascot’s underwriting, risk, enterprise risk management, IT and data strategy teams. He reports to Jonathan Zaffino, group president.

Lillegard joins Ascot from CNA Insurance where he spent more than 20 years, holding a number of leadership responsibilities including senior vice president (SVP) of property and casualty reserving and SVP of specialty pricing.

Zaffino called Lillegard “an experienced risk professional with first-hand knowledge of the intricate nature of actuarial work in a diverse specialty re/insurance business at both the pricing and reserving levels.”

Lillegard added: “There’s an inspiring energy around Ascot and its current growth development, with tremendous activity around new products, infrastructure enhancements and leading industry talent joining the company.”