Ascot Group Ltd. said on Tuesday that they are consolidating their reinsurance business under Ascot Reinsurance.
Ascot Re will cover all existing reinsurance products in Ascot's global operations, and coverage will continue to be provided through existing Ascot operating companies including Syndicate 1414 at Lloyd & # 39 ;s of London, Ascot Bermuda Ltd., and various U.S. statutory business.
Ascot Re will be led by Mark Pepper, Group Chief Underwriting Officer, with executive oversight by Andrew Brooks, CEO and Jonathan Zaffino, CEO.
Rory Cline will be president of Ascot Re US and provide coverage in the United States including property, led by Libby Ismail; accident under Tony Kashuba; and professional responsibility, under Steve Robinson.
Lloyd's Syndicate 1
Mr. Zaffino said in Tuesday's statement that the new adaptation of Ascot's global reinsurance opportunities is a response to increased customer demands.