Overview
Ascot Group is a global specialty insurance and reinsurance group that traces its origins to Lloyd's of London, where it was founded in 2001 as Ascot Underwriting Limited. Over the following two-plus decades the company expanded methodically from a single Lloyd's syndicate into a multi-platform organization operating across Bermuda, the United States, and the UK. By 2024 Ascot reported gross written premium of USD 4.7 billion and total assets of USD 12 billion.
The company was acquired by CPP Investments -- Canada's largest pension fund with over USD 632 billion in assets -- in 2016, providing Ascot with a deep and stable capital base. This ownership has been recognized by rating agencies as a material credit strength. In 2021 Ascot crossed USD 2 billion in GWP, and by 2022 it had surpassed USD 3 billion, reflecting strong organic growth across its specialty lines.
Ascot positions itself as a partner for complex and hard-to-place risks, offering over 200 products through its Lloyd's, U.S., and Bermuda platforms. The company operates under the tagline "A perfect partner for a less-than-perfect world" and emphasizes technology-driven underwriting and claims processing across its global footprint.
At a Glance
- Founded
- 2001
- Headquarters
- Bermuda (Hamilton), with offices in New York, Houston, Chicago, and London
- Employees
- 1000+
Category & Focus
- Category
- Specialty Insurance and Reinsurance
- Insurance Verticals
- Specialty/E&S Reinsurance P&C Commercial
- Target Customers
- Commercial enterprises, institutional clients; distribution through wholesale brokers and specialist intermediaries
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Last updated: 2026-05-11