Ascot Group, a Bermuda-based global specialty insurer, has unveiled a new unified capital management platform as part of its ongoing efforts to grow its third-party capital business.
The launch of Leadline Capital Partners comes as Ascot looks to enhance its capital partnership business, which has shown strong performance over the past four years, according to InsurTech Insights.
The new platform will support the company’s global property portfolio, providing centralised reinsurance through a Bermuda special purpose insurer in collaboration with institutional investors.
Ascot Group is known for offering specialty insurance solutions worldwide, serving a range of clients across various industries.
With a solid foundation in underwriting and risk management, the company has established itself as a trusted partner for clients seeking customised insurance products.
Leadline Capital Partners, the latest offering from Ascot, aims to support the company’s expanded third-party capital business.
The platform will provide a centralised reinsurance solution, drawing on Ascot’s strong underwriting heritage and creative risk management strategies. Ascot has reported ceded-gross premiums exceeding $225m to date, highlighting its success in delivering returns in the reinsurance market.
In addition to its core function, Leadline Capital Partners will offer institutional investors attractive opportunities with a risk-adjusted return profile. Ascot’s collaboration with these investors marks a significant step in expanding the company’s reinsurance capabilities while continuing to deliver world-class services to its clients and partners.
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.”
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
