Ascot Group, View full company profile
“> Bermuda-based global specialty insurance company announced the launch of a unified capital management platform, Leadline Capital Partners, to support its expanded third-party capital business.
As part of this newly formed platform, Ascot also announced that it has partnered with institutional investors to provide collateralized reinsurance for its global real estate portfolio through a Bermuda-based specialty insurer.
These developments represent an important development in Ascot’s equity partnership business and build on a four-year track record of strong earnings, with gross premiums written to date exceeding $225 million.
“Through Leadline Capital Partners, we leverage Ascot’s expertise in excellent underwriting and underwriting, as well as creative risk solutions, to deliver attractive and innovative third-party capital offerings. We are delighted to announce this latest collaboration as we expand this business.” – Charles Craigs, Ascot Group Managing Principal for Third-Party Capital.
“We look forward to the continued expansion of our alternative capital business under Leadline Capital Partners. This business offers the best of all worlds for Ascot and its stakeholders: additional capacity for our insured and reinsured clients, an attractive risk-adjusted return profile for a leading capital partner, and the continued opportunity for the firm to bring its world-class capabilities to both clients and investors.” – Justin Keith, President and CEO of Ascot Bermuda Limited.
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