Global specialty insurer and reinsurer Ascot has appointed Justin Keith, current Chief Executive Officer (CEO) of Ascot Bermuda Limited, to lead the expansion of the company’s treaty reinsurance products in the US market.
Keith will move to the United States later this year for his new role. This leadership change underscores the company’s commitment to strategic expansion and innovation in its specialty reinsurance business.
The appointment signals the reinsurer’s intention to expand its reinsurance product range in the United States beyond its current temporary capabilities.
By introducing expanded treaty offerings in this segment, the company expects to achieve long-term profitable growth and has the opportunity to provide enhanced solutions to its growing customer base.
The company explained that Keith’s deep expertise in developing and managing a multi-disciplinary treaty portfolio puts him well-positioned to drive this initiative and deliver greater value to Ascot stakeholders.
As part of this transition, North America CEO Marc Amen will assume the responsibilities of interim CEO of Bermuda.
“The company is deeply grateful for Justin’s leadership in Bermuda and is excited about what the future holds as he takes on his new role,” Ascot said.
Amen commented: “We hope these updates will enable Ascot’s continued success and growth. We also look forward to working more broadly with our reinsurance clients across North America and continuing to deliver the value they have come to expect from our organization.”
