WTW’s Mitch McBain goes to Ascot

Specialty re/insurer Ascot has appointed Mitch McBain as its new senior vice president and head of management liability in Bermuda. He’ll be responsible for underwriting and managing Ascot’s professional and management liability insurance portfolios on the island.

Ascot provides a range of excess insurance solutions across casualty, professional lines, and healthcare within the Bermuda market, complementing its P&C reinsurance business. McBain will work to expand its professional lines presence, working with re/insurer’s US and Lloyd’s offices. He will report to Ian Thompson, CEO for Ascot Bermuda.

McBain joins from Willis Towers Watson, where he was head of UK & international for Finex D&O. Before that, he held several underwriting and broking roles in professional lines, including more than a decade as a senior underwriter at AXIS Capital and Liberty Mutual Insurance Europe.

“I’m delighted to welcome Mitch to Ascot as we expand our presence in the Bermudian primary insurance market,” said Thompson.

“Ascot is a meaningful presence on the island, offering a suite of solutions across all major product lines in both insurance and reinsurance. I know that under Mitch’s stewardship, we’ll continue to enhance our professional lines capabilities across the Ascot ecosystem – offering clients and broking partners tailored coverage in the US, Bermuda and through Lloyd’s.”

McBain added: “I’m thrilled to join Ascot at this exciting time in its growth journey. Our presence in the management liability market, with ecosystem capabilities, allows us to offer a range of solutions according to client needs.”