NEW YORK, NY, January 4, 2021:
Ascot today announces the appointment of Michael Kerrigan as Group Chief Information Officer (CIO).
Michael will lead all aspects of Ascot’s technology portfolio and drive forward group strategy to create a “tech centric” and agile global organization to enhance group performance and scalability of its global platforms.
This appointment demonstrates Ascot’s focus to build a modern-era specialty insurance company underpinned by enterprise-wide connected technologies centered on enhancing customer experience. The digitization of underwriting, distribution and claims processes are accelerating and this new appointment reflects this reality.
Michael will leverage his significant expertise as an industry corporate technology leader to build on Ascot’s digital insurance platforms across the group, including Ethos Specialty, Ascot’s wholly owned MGU.
Based in New York, Michael will report to Yvonne Costello, Group Chief Operating Officer.
Michael was responsible for global operations at Axa XL where he guided systems strategy across the organization. Additional CIO level posts included roles at The Hartford, ACE and AIG. Michael spent his early career at number of leading financial and investment firms, including at Citigroup, where he helped establish their commercial lending technology division.
Yvonne Costello commented:
“I’m delighted to welcome Michael to Ascot; his depth of experience at leading insurance organizations allows us to leverage his expert knowledge to support our unique strategies. We have always been proud of our nimble operating model – adding Michael to Ascot will propel us to the next level, and ensure that our operating efficiency and client experience are strengthened by advanced digital solutions. ”
Michael Kerrigan added:
“This is an exciting time to join Ascot given its growth trajectory and focus on technology. I look forward to working across the business to implement a customer centric approach which helps to underpin the company’s ambitious future development.”