Through the new platform, Ascot has also announced that the company is entering a partnership with institutional investors aiming to provide centralised reinsurance for its global property portfolio through a Bermuda special purpose insurer.
These developments are an important evolution in Ascot’s capital partnership business, building on a four-year track record of strong returns, with ceded-gross premiums in excess of $225 million to date.
These developments represent an important evolution in Ascot’s capital partnership business, building off of a four-year track record of strong returns, with gross premiums in excess of $225 million to date.
Charles Craigs, Ascot Group Managing Partner Principal for Third-Party Capital, commented: “Through Leadline Capital Partners, we are drawing on Ascot’s heritage of excellent underwriting and creative risk solutions to provide attractive and innovative offerings to third party capital. We are very pleased to announce the latest collaboration as we expand this business.”
Justin Keith, Ascot Bermuda Limited President and CEO, added: “We look forward to the continued expansion of our alternative capital business under Leadline Capital Partners. This business represents the best of all worlds for Ascot and its stakeholders: incremental capacity delivered to our insured and reinsured clients, an attractive risk-adjusted return profile to a leading capital partner, and the continued opportunity for the company to deliver its world-class capabilities to both clients and investors.”
