Ascot Group Limited Expands Leadership with New Board Appointments

In a significant move, Ascot Group Limited, the Bermuda-based global specialty insurance firm, has announced the appointment of three distinguished business leaders to its Board of Directors. The inclusion of Rosalind Brewer, Martin Flanagan, and Robert Sewell is set to bolster the company's leadership as it approaches its 25th anniversary.

Strengthening Leadership

Kewsong Lee, the Chairman of the Board, expressed enthusiasm about the appointments, stating, "We are excited to have these three dynamic executives join our Board of Directors. Roz, Marty, and Rob each bring invaluable experiences and a unique set of leadership skills to this organization. Their insight, expertise, and judgment will be invaluable to the growth and expansion of the Ascot Group."

Jonathan Zaffino, President and CEO of Ascot Group, echoed this sentiment, emphasizing how these additions will benefit colleagues and clients alike. The leadership qualities and vast experiences of the new board members will play a crucial role in navigating the company through its next growth phase.

Profiles of the New Board Members

Rosalind Brewer

Currently serving as the interim President of Spelman College, her alma mater, Rosalind Brewer has an impressive background in the corporate sector. She was the CEO of Walgreens Boots Alliance from 2021 to 2023, where she oversaw over 450,000 employees globally and played a pivotal role in transforming Walgreens into a healthcare-focused enterprise. Brewer has held critical leadership positions across notable companies such as Starbucks, Walmart, and Kimberly-Clark, and is recognized for her contributions on multiple boards.

Martin Flanagan

Martin Flanagan is the current chairman of Engage Ventures and boasts a rich history in investment management. He served as the President and CEO of Invesco from 2005 until 2023, where he successfully led major acquisitions, including that of Oppenheimer Funds. His expertise as a Chartered Financial Analyst and certified public accountant adds significant financial acumen to the board. Flanagan has also held prominent roles within the Investment Company Institute, ensuring his extensive experience will greatly benefit Ascot's strategic direction.

Robert Sewell

Robert Sewell joins the board from his role as Chairman of the Board of Ascot Underwriting Limited, having assumed this position in June 2024. With a robust background as an independent non-executive director and chair of significant committees, Sewell brings 20 years of excellence in executive roles. His previous experience as Chief Financial Officer for Pension Insurance Corporation and directorship roles in AIG will guide Ascot in maintaining its reputation for operational excellence.

Appreciation for Outgoing Directors

The appointments follow the transition of Susan Sutherland, Murray Wallace, and Sir Richard Dearlove out of their respective leadership roles. Sam Blaichman, a Board Director at Ascot and Managing Director at CPP Investments, expressed gratitude for their invaluable guidance, recognizing the substantial role they played in shaping Ascot's trajectory over the years.

About Ascot Group

Ascot Group has established itself as a leading global insurance, reinsurance, and underwriting services provider, renowned for its stability and diverse product offerings over the past two decades. Its US affiliates enjoy an excellent rating of A by AM Best Company, reflecting the organization's commitment to quality service in the insurance industry.

As Ascot Group Limited welcomes its new board members, the company prepares to further strengthen its market position and continue its legacy of operational excellence and innovation within the specialty insurance sector.