Ascot Group Limited (AGL) has named Neill Currie as executive chairman.
Currie was previously CEO of RenaissanceRe Holdings, which he co-founded in 1993 and led from 2005 until his retirement in 2013.
As executive chairman, Currie will work with AGL’s management and board of directors “to grow its operations and capabilities through a variety of strategic initiatives including organic growth programmes, joint ventures, strategic investments and acquisitions,” an AGL release said.
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“The opportunity to work with AGL’s management team and CPPIB to build a dynamic and global P&C company is uniquely compelling,” Currie commented. “I am looking forward to working with the many people associated with AGL to build a company that will provide its clients with an array of best-in-class insurance and reinsurance solutions.”
Andrew Brooks, CEO of AGL, said: “We are thrilled to have an individual of Neill’s calibre join as the executive chairman. His deep expertise, excellent reputation and proven track record as a visionary in the insurance and reinsurance industry will position AGL well as it looks to build a leading global P&C insurance platform.”
The company said in a statement that when Currie was CEO of RenaissanceRe, he “successfully stewarded the company through its growth and evolution to become one of the pre-eminent providers of reinsurance and insurance globally.” Under his leadership, RenaissanceRe was “driven by its creative and unique insurance products for clients, leading-edge underwriting expertise and support for ground-breaking catastrophe research and mitigation activities.”
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