Ascot Group

Ascot Group is a global specialty reinsurer known for its strong reinsurance capabilities. Its dedicated platform, Ascot Re, offers treaty and facultative reinsurance solutions worldwide.

History of Ascot Group

The firm was founded in 2001 as Ascot Underwriting Limited at Lloyd’s of London. It started with a focus on specialty insurance and reinsurance. Other milestones in its timeline include:

  • 2007: opened first US office in Houston to expand its North American footprint
  • 2014: launched Bermuda office to build global specialty reinsurance operations
  • 2016: Ascot Group Limited was launched after a key acquisition
  • 2017: formed Ascot Bermuda Limited as a hub for global reinsurance business
  • 2018: introduced Ascot US Specialty Insurance to serve US commercial markets
  • 2021: acquired WC and Surety units and passed $2 billion in gross written premium
  • 2023: ranked 20th among the top 40 global reinsurance firms by S&P Global Ratings

In recent years, Ascot has focused on building a strong reinsurance platform. It created Ascot Re to bring all global reinsurance products under one umbrella.

Reinsurance products and services

Ascot Group, through its reinsurance arm Ascot Re, delivers reinsurance solutions that help manage complex risks:

  • casualty: offers proportional, excess of loss, and custom coverage for liability exposures
  • structured solutions: builds multi-line or multi-year deals to reduce volatility
  • aggregate covers: protects against many losses under one reinsurance agreement
  • marine & energy: writes global marine and energy risks with fast response and large capacity
  • property: delivers custom treaty policies without slow underwriting committees or red tape
  • specialty treaty: gives creative, high-capacity support in niche or emerging risk categories
  • facultative: provides local underwriting expertise backed by Lloyd’s syndicate security

It supports its facultative and London market deals with the strength of Lloyd’s syndicate. Bermuda reinsurance offerings are written on “A” rated paper for strong, reliable backing.

Culture and core values

Ascot Group fosters a world-class culture built on growth, inclusion, and career-long support. It offers a dynamic space where ideas flourish and personal development is a shared priority.

Its values are shaped by a mindset that thrives in unpredictable, complex, and often uncomfortable environments:

  • Shaping Tomorrow Together: faces today’s uncertainty while working toward success that benefits everyone
  • Specialist Against Adversity: treats obstacles as chances to grow, not just problems to solve
  • Always in Your Corner: leads with resilience, quick action, and meaningful results in changing conditions

Ascot Group’s leaders bring deep industry knowledge and see change as a way to improve and evolve.

Work environment and benefits

The firm builds a workplace where collaboration, integrity, and innovation shape everyday work. It supports well-being through strong benefits and a culture that finds better ways to grow:

  • financial security: bonus plans, retirement options, competitive salaries
  • employee well-being: mental health support and wellness programs
  • work-life balance: paid time off, flexible work, family leave
  • community and connection: team events, volunteering, vibrant culture
  • health and wellness: dental, medical, vision coverage for families
  • professional development: tuition help, career growth, learning tools

The company grows through the skills and drive of its people, who help shape its future.

Company-wide activities

Ascot Group believes in giving people the tools to protect and support others with confidence. It hosts team events that build trust, pride, and purpose in a less-than-perfect world:

  • diversity and inclusion: Black History Month events by D&I Council and NAAIA partners
  • employee engagement: Bring Your Child to Work Day by Women & Allies ERG
  • community support: Tom’s Trust sponsorship at the House of Lords
  • women's leadership: launch of Amplify to inspire and uplift women at Ascot

These activities reflect Ascot’s culture of inclusion, celebration, and real support for its people.

Anti-slavery statement

Ascot Group takes a firm stance against all forms of slavery or forced labor. It offers fair pay and encourages staff to report unethical or illegal actions. All staff complete yearly training to spot and act on signs of modern slavery.

The future at Ascot Group

To grow its capital strength and global reach, Ascot Group has recently built a new platform. And its Bermuda platform supports collateralized reinsurance and delivers flexible capacity across global property risks. A growing focus on technology aims to boost future innovation.

It also recently announced new roles aimed at enhancing its underwriting and specialty operations. These appointments reflect its goal to refine strategy, manage risk, and grow market share. With focus on analytics and marine, Ascot continues strengthening its reinsurance leadership across global platforms.

In the news

Canopius strengthens treaty team with leadership changes and new hire

REINSURANCE NEWS

Canopius strengthens treaty team with leadership changes and new hire

Restructure follows recent leadership additions and increased shareholder investment

Ascot taps former CNA executive for new global distribution role

REINSURANCE NEWS

Ascot taps former CNA executive for new global distribution role

He brings a 25-year track record in financial lines and retail strategy

Ascot brings global finance and retail leaders to its boardroom

REINSURANCE NEWS

Ascot brings global finance and retail leaders to its boardroom

New appointees bring decades of experience across different segments

RenaissanceRe underwriting exec to lead Ascot's North America operations

REINSURANCE NEWS

RenaissanceRe underwriting exec to lead Ascot's North America operations

He will also bolster the executive committee

Ex-Carlyle chief Lee to chair Ascot Group

REINSURANCE NEWS

Ex-Carlyle chief Lee to chair Ascot Group

His credentials include 21 years at Warburg Pincus

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