Insurance coverage firm Ascot Group has introduced a senior administration change alongside plans to widen its treaty reinsurance operations within the US.
Justin Keith, at the moment CEO of Ascot Bermuda, will transfer to the US later this 12 months to supervise the event of the group’s treaty reinsurance enterprise within the US market.
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The appointment displays Ascot’s intention to increase its US reinsurance actions past its present deal with facultative reinsurance.
The corporate stated the deliberate growth of treaty reinsurance choices is geared toward supporting sustainable, long-term progress whereas permitting Ascot to supply a broader vary of options to purchasers.
Keith can be answerable for main this technique, drawing on his background in constructing and managing treaty portfolios throughout a number of strains.
Following Keith’s relocation, Marc Amen, CEO of North America, will tackle the position of interim CEO of Ascot Bermuda.
Amen was appointed CEO of its North American operations in April final 12 months.
Ascot stated the management transition is designed to make sure continuity in Bermuda whereas advancing its strategic priorities within the US reinsurance market.
Amen stated: “We anticipate these updates to allow continued success and progress at Ascot. We additionally look ahead to working extra extensively with our reinsurance purchasers throughout North America and persevering with to ship the worth they’ve come to anticipate from our organisation.”
Earlier this week, Ascot Group appointed Ashleigh Edwards as group head of ceded reinsurance, efficient from 5 January 2026.
In line with the insurer, Edwards can have “final accountability” for its ceded reinsurance technique throughout its international platforms.
Her obligations embody supervision of reinsurance constructions, placement approaches and the assorted courses of enterprise lined underneath the programme.
