Ascot Group is one of the world’s pre-eminent specialty risk assumption organizations. We are a modern era company operating through an ecosystem of interconnected global operating platforms bound by a common mission and purpose.
We utilize every aspect of our global operating platform as part of a unified system aligned around common underwriting, product and distribution strategies. What we call A Single View of Risk. This differentiated organizational principle allows us to originate specialty risks across the globe, while responding with speed, capacity and innovative product solutions.
Modern technology enhances everything we do. Knowledge sharing, operating efficiency and a differentiated client experience are enabled by our digital strategies.
Our robust and diverse capital structure – supported by leading Enterprise Risk Management – is designed to help solve our clients most pressing risk issues. This dynamic capital model allows us to scale according to market opportunity while optimizing our risk adjusted returns and delivering consistent outperformance. Ascot has been built to be resilient. We offer our clients the utmost financial security while delivering bespoke products and world class service – pre and post claims.
Ascot’s greatest strength is our talented employees, who flourish within a collaborative, inclusive and entrepreneurial culture; steeped in underwriting excellence, integrity and a passion to find a better way.
Ascot provides insurance and reinsurance solutions globally through its Lloyd’s and Bermuda platforms and specialty insurance products through underwriting offices throughout the United States.
The four operating divisions of the group are:
Ascot Underwriting, the Managing Agency for Syndicate 1414 at Lloyd’s, has been one of the best performing Syndicates since the company was formed in 2001. It offers a broad range of property and casualty products, covering a wide range of sectors and industries including leading multinational companies. The high proportion of business it is a lead market for demonstrates the quality underwriting of the Syndicate.
Launched in 2014, Ascot Bermuda offers property catastrophe, casualty and specialty reinsurance products worldwide as well as broad high-level excess and professional liability insurances across multiple industry classes. The group’s alternative capital vehicles are also managed by Ascot Bermuda. Ascot Bermuda is rated A (Excellent) by A.M Best.
Ethos Specialty is a leading Managing General Underwriter (MGU) based in the United States that develops industry-specific insurance programs and provides specialized underwriting services on behalf of high-quality carrier and syndicate partners. Ethos was launched in 2017 and is headquartered in New York City.
In the United States, Ascot provides specialty P&C and financial lines insurance products through local retail and wholesale brokers with a focus on small to mid-sized commercial customers. Launched in 2019, Ascot U.S. underwrites on behalf of Ascot Insurance Company and Ascot Specialty Insurance Company, both A.M. Best A (Excellent) rated businesses.
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$425 billion in invested assets, representing the retirement contributions of over 20 million Canadians. CPP Investments is rated ‘AAA’ by S&P and Moody’s.
At December 31, 2019, the CPP Funds has net assets of C$420.4 billion, making it Canada’s largest single-purpose pension fund and ranking amongst the 10 largest retirement funds in the world today.
$420.4 BILLION CPP Fund net assets
$609 BILLION Projected CPP Fund assets by 2025
$1,683 BILLION Projected CPP Fund assets by 2040
10.4% 10 year annualized rate of return (net nominal)
*Projections of the CPP Fund, being the combined assets of the base and additional CPP accounts, are based on nominal projections from the 30th Actuarial Reports on the Canada Pension Plan as at December 31, 2018. These figures have been rounded.