Thompson steps up as Ascot’s new CEO in Bermuda

Ascot has named Ian Thompson as chief executive officer in Bermuda.

Ascot’s business in Bermuda includes specialty re/insurance and alternative capital capabilities underwritten from its A-rated Bermudian platform. The appointment is subject to pending regulatory and immigration approval.

Thompson joined Ascot in 2017 as head of casualty and specialty, before being promoted to executive vice president and chief underwriting officer for casualty and specialty in 2020. Before joining Ascot he spent almost a decade at Hiscox Re as head of casualty and specialty and before moving to Bermuda he worked at Catlin, heading the healthcare and professional lines practice in London.

Thompson replaces John Berger who will retire at the beginning of March 2021 after three years helping to establish a market leading presence in Bermuda. Berger will continue to advise and provide consultation to Ascot.

Thompson reports to Jonathan Zaffino Ascot’s group president.

Zaffino said: “Ian’s been instrumental in our efforts to thoughtfully expand our Bermuda operations, which now includes leading solutions across several major insurance and reinsurance classes. The impressive evolution of our capabilities and growing portfolio over the past few years is testament to the work of our talented colleagues on the island.”

Thompson added: “Our strong ratings, and enhanced corporate and strategic depth across Ascot, puts us in an excellent position to continue on our journey of growth and profitability.”