Ascot appoints new managing principal for Bermuda third-party division

Ascot Group has formally introduced Charles Craigs as the brand new managing principal in control of third-party capital initiatives in Bermuda in a bid to increase and improve its sidecar and third-party capital ventures.

In his new function, Craigs is tasked with refining and advancing Ascot’s technique for its sidecar operations and different third-party capital endeavors. The institution of the function leverages Craigs’ practically quarter-century of trade experience.

Earlier than becoming a member of Ascot, Craigs held a number of key positions at Canopius Re, dedicating 15 years to govt management roles inside the firm’s London and Bermuda places of work. His most up-to-date put up was chief govt officer of Canopius Bermuda and group head of reinsurance underwriting.

Throughout his tenure at Canopius Re, Craigs oversaw a Class 4 insurance coverage firm, managed a worldwide reinsurance portfolio, and was instrumental within the structuring and advertising and marketing of an ILS (insurance-linked securities) platform.

Craigs will straight report back to Ian Thompson, chief govt officer of Ascot Bermuda, who commented on the appointment, expressing confidence in Craigs’ skills to drive development and growth inside Ascot’s danger partnership initiatives in Bermuda.

“I’m sure that Charles, bringing with him very good management expertise and a monitor report of capital elevating success, together with practically 25 years of trade expertise, shall be key to the additional growth and growth of our danger partnerships as we glance to realize vital development in our third-party efforts for Ascot in Bermuda,” Thompson stated.

He additional highlighted the favorable circumstances for Ascot’s growth, together with the corporate’s robust underwriting efficiency, profitability, and rising investor curiosity, which place it to grab upcoming alternatives underneath Craigs’ stewardship.

“I sit up for articulating Ascot’s spectacular narrative – a first-class underwriting providing, high trade expertise, and stable financials – to the funding group as we deepen relationships and develop our partnerships within the third-party house,” Craigs stated.

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