Ascot Group, the professional international insurance and reinsurance underwriter owned by CPP Investments, the investment arm of the Canada Pension Plan, has actually promoted Ian Thompson to become its Chief Executive Officer in Bermuda, to change John Berger who retires from the role this month.Ascot Groups Bermuda arm finances insurance or reinsurance across a number of market sections and is also where the companies alternative reinsurance capital lorries and activities are handled.
As CEO of Ascot Bermuda, Thompson will take control of leadership of all of Ascots activities in Bermuda, including its specialty insurance, reinsurance and alternative capital capabilities.
Thompsons promo comes as John Berger is leaving at the start of this month, retiring from the role after 3 years developing Ascots presence in Bermuda. Berger will continue to offer and recommend consultation to Ascot.
Thompson will report to Jonathan Zaffino, Group President of Ascot.
He joined the company in 2017 as Head of Casualty & & Specialty, consequently being promoted to Executive Vice President and Chief Underwriting Officer, Casualty & & Specialty in 2020.
Before he joined Ascot, Thompson spent practically a decade at Hiscox Re in Bermuda as Head of Casualty & & Specialty.
Before moving to Bermuda, Thompson operated at Catlin in London leading its Healthcare and Professional Lines practice.
Ascot Group President Zaffino commented, “Ians been instrumental in our efforts to attentively expand our Bermuda operations, which now includes leading options throughout a number of significant insurance and reinsurance classes. The outstanding development of our capabilities and growing portfolio over the previous few years is testimony to the work of our skilled associates on the island. Ian is an excellent option to now take the helm and oversee all of our underwriting capabilities as we continue to push our unique risk, tech and client-centric method and provide superior long-lasting risk changed returns.
” I also want to take the opportunity to extend my sincere gratitude to John Berger for all he has actually done for Ascot. Hes had an impactful function in establishing our Bermuda company and I wish him a really happy retirement after a storied reinsurance profession. We look forward to his ongoing suggestions and counsel in his new advisory capacity.”
Thompson added, “Its an excellent opportunity to be successful John Berger as Chief Executive at one of Bermudas leading (re) insurance coverage companies. Given that joining in 2017, weve worked hard to establish a wide offering of solutions for our customers, concentrating on remarkable underwriting underpinned by world class service and infrastructure. Our strong ratings, and improved corporate and tactical depth across Ascot, puts us in an outstanding position to advance our journey of development and profitability. I look forward to working carefully with Jon and the exceptional team here in Bermuda in pursuit of our goals.”
Ascot Group President Zaffino commented, “Ians been crucial in our efforts to attentively broaden our Bermuda operations, which now includes leading options throughout a number of significant insurance coverage and reinsurance classes. Hes had an impactful function in developing our Bermuda service and I wish him a really happy retirement after a storied reinsurance profession. Thompson added, “Its a terrific benefit to prosper John Berger as Chief Executive at one of Bermudas leading (re) insurance services.