LONDON, UK / HAMILTON, BERMUDA, 28 June 2017: Ascot Group Limited (AGL), a Bermuda-based holding company, today announced the appointment of Neill Currie as its Executive Chairman, effective 21 June, 2017. Currently, AGL holds Ascot Underwriting Ltd., a leading global specialty insurance underwriter, which manages Syndicate 1414 at Lloyd’s, and Ascot Underwriting Bermuda Limited, a managing general agency. Canada Pension Plan Investment Board (CPPIB), who acquired these operations in 2016, will invest and build a global property and casualty (P&C) insurance and reinsurance platform through AGL.
“The opportunity to work with AGL’s management team and CPPIB to build a dynamic and global P&C company is uniquely compelling. 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,” said Mr. Currie.
Mr. Currie was previously CEO of RenaissanceRe Holdings Ltd., a company he co-founded in 1993, and led from 2005, until his retirement in 2013. During his role as CEO, Mr. Currie successfully stewarded the company through its growth and evolution to become one of the preeminent providers of reinsurance and insurance globally. Under Mr. Currie’s leadership, the company’s success 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. Mr. Currie received a Bachelor of Science degree from the University of North Carolina at Chapel Hill in 1974.
“We are thrilled to have an individual of Neill’s calibre join as the Executive Chairman,” said Andrew Brooks, Chief Executive Officer of AGL. “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.”
In his role as Executive Chairman, Mr. 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 programs, joint ventures, strategic investments and acquisitions.
About Ascot Group Limited
AGL is a Bermuda-based company through which CPPIB acquired Ascot Underwriting and related businesses. AGL is focused on aggregating additional P&C businesses, teams and distribution capabilities globally.