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Ascot Underwriting has confirmed that Ian Thompson, Nick Williamson, and Justin Keith will be moving from Hiscox Re to Ascot on 1 March to underwrite healthcare, casualty treaty, and specialty reinsurance business.
The team will be based in Ascot’s office in Bermuda. The appointments are subject to regulatory and immigration approval.
Ian Thompson is the global healthcare practice leader for Hiscox Group and head of casualty for Hiscox Re. He has 22 years’ insurance experience and began his insurance career as a professional lines broker before moving to underwriting in 1997.
Nick Williamson is vice president healthcare for Hiscox Re (Bermuda). He has 20 years’ insurance experience and began his career as an actuarial analyst.
Justin Keith is vice president underwriting for Hiscox Re (Bermuda). He has 18 years’ insurance experience and began his career underwriting hospital professional liability before moving to healthcare.
Andrew Brooks, chief executive officer of Ascot Underwriting, said, “I am delighted to welcome Ian, Nick, and Justin to Ascot. Their extensive experience in Healthcare insurance will enable Ascot to offer our clients valuable expertise in this class of business.”
Ian Thompson said, “The team is very excited to be joining Ascot, where we will look to develop innovative and high quality products for clients and brokers that know us well.”
In a statement Hiscox commented that: "This transfer has come after a review of how our healthcare insurance business in Bermuda would fit into longer term plans for Hiscox Re. The team have found a good opportunity at Ascot in Bermuda and we have entered into an agreement to effect this transfer. This development gives Hiscox Re the opportunity to focus on core reinsurance business.
"Although we are no longer writing healthcare from Bermuda, this transfer does not impact our other healthcare insurance lines. We are open for business in the London Market and have a growing appetite for retail healthcare business in Hiscox USA and Hiscox UK."
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