- Mark joins Ascot from Selective Insurance Group. Inc. (Nasdaq:
SIGI) with over two decades of experience in the insurance
industry
NEW
YORK, Oct. 5, 2023 /PRNewswire/ -- Ascot Group
Limited, the Bermuda-based global
specialty insurance company, today announced the hiring of
Mark Wilcox as its new Group Chief
Financial Officer, reporting to Group CEO and President
Jonathan Zaffino, effective
November 8, 2023. In his new role,
Mark will be responsible for leading Ascot's global finance
organization and capital strategy, including all financial planning
and analysis, tax and treasury functions.
"I am thrilled to welcome Mark to the Ascot family. Mark's
unique and diverse experiences, along with his undisputed track
record of success, will help accelerate Ascot's strategic pursuits
and ambitions," said Jonathan
Zaffino. "As we continue to expand our organization
globally, across both the specialty insurance and reinsurance
segments, Mark's proven financial acumen will be a significant
addition to our leadership team, our colleagues and our valued
clients."
Mark joins Ascot from Selective Insurance Group, Inc.
("Selective"), where he led the firm's global finance operations
and capital management strategy, as well as accounting, treasury,
investor relations, internal audit, investments, reinsurance,
enterprise risk management, procurement, contracts, and tax, in his
role as Executive Vice President and Chief Financial Officer.
During his almost seven years at Selective, Mark oversaw the
modernization of the firm's financial reporting process. He
partnered with executives across the global finance
team, working closely with the board and external
constituencies to help drive significant shareholder value.
"I am so honored and proud to be joining Ascot Group, a firm I
have admired for many years. I look forward to being a part of
Ascot's exceptional leadership team and working to advance the
company's strategic agenda. In a short time, I have been able to
see how dynamic and entrepreneurial Ascot's culture is, and I look
forward to working to elevate its mission of creating the best
specialty insurance products and reinsurance solutions for clients
across the globe," said Wilcox.
Prior to joining Selective, Mark spent over thirteen years at
Renaissance Re in Bermuda where he
served as Senior Vice President, Corporate Controller and Chief
Accounting Officer. There he managed a global team across Finance,
Investor Relations, Actuarial and Tax, and strengthened the firm's
financial operations, processes, and reporting. He is an alumnus of
Georgetown University's Robert
Emmett McDonough School of
Business, where he received his Master of Business Administration.
Mark is a Certified Public Accountant and Chartered Financial
Analyst. Mark will be based out of Ascot's Stamford, CT office.
Jonathan Zaffino, added "Ascot
Group extends its deepest thanks to outgoing CFO Joe Roberts for his years of diligent service
and leadership to the organization."
For more information on Ascot's leadership team and global
interconnected platforms, please visit: https://ascotgroup.com/
ABOUT ASCOT GROUP:
Ascot Group is a global specialty insurance and reinsurance
group with a record of underwriting excellence and superior claims
service. Founded in 2001, Ascot provides a broad range of property
and casualty products to customers worldwide through its Lloyd's
and Bermuda market platforms. In
the United States, Ascot provides
specialized insurance products to small and mid-sized businesses as
well as offering underwriting services to high-quality carrier and
syndicate partners through its MGU, Ethos Specialty.
Ascot Group is owned by CPP Investments, a global investment
management organization that invests the assets of the Canada
Pension Plan. CPP Investments is the largest pension plan in
Canada with over C$575 billion in invested assets, representing
the retirement contributions of over 21 million Canadians. CPP
Investments is rated 'AAA' by S&P and Moody's.
For more information on Ascot, please visit
https://www.ascotgroup.com.
MEDIA CONTACT:
Kristina Corso, Prosek Partners.
Email: pro-ascot@prosek.com. Phone: 908-278-6225
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SOURCE Ascot Group