Ascot Group appoints new group CFO

Bermuda-based specialty insurer Ascot Group has named Mark Wilcox as its new group chief monetary officer (CFO).

Wilcox, whose appointment is efficient 8 November 2023, will report back to group CEO and president Jonathan Zaffino. 

To be based mostly out of Ascot’s Stamford workplace, Wilcox will spearhead the worldwide finance organisation and capital approaches of the corporate.

He will likely be liable for full monetary planning and evaluation in addition to tax and treasury actions.

Zaffino stated: “Mark’s distinctive and various experiences, alongside together with his undisputed monitor report of success, will assist speed up Ascot’s strategic pursuits and ambitions. 

“As we proceed to develop our organisation globally, throughout each the specialty insurance coverage and reinsurance segments, Mark’s confirmed monetary acumen will likely be a big addition to our management group, our colleagues and our valued shoppers.”

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With greater than 20 years of expertise within the insurance coverage sector, Wilcox most lately served because the CFO of Selective Insurance coverage.

Throughout his stint at Selective, Wilcox was liable for main the corporate’s worldwide finance operations and capital administration approaches.

Wilcox additionally oversaw treasury, accounting, investor relations, investments, inside audit, reinsurance, enterprise danger administration, procurement, contracts and tax capabilities at Selective.

Moreover, he managed the revamping of the monetary reporting strategy of the corporate. 

Wilcox stated: “I stay up for being part of Ascot’s distinctive management group and dealing to advance the corporate’s strategic agenda. 

“In a short while, I’ve been in a position to see how dynamic and entrepreneurial Ascot’s tradition is, and I stay up for working to raise its mission of making the most effective specialty insurance coverage merchandise and reinsurance options for shoppers throughout the globe.”

Ascot unveiled a brand new house observe at Lloyd’s of London in December 2021.

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