#Bermuda #Hamilton #Ascot Group #Rosalind Brewer #Martin Flanagan

Strategic Leadership Changes at Ascot Group

Bermuda's Own Ascot Group Limited has made an impressive stride in fortifying its leadership team by appointing three highly accomplished executives to its Board of Directors: Rosalind Brewer, Martin Flanagan, and Robert Sewell. This announcement, made on June 18, 2025, is marking a significant milestone as these appointments await regulatory approval. This move aligns with Ascot’s commitment to advancing its operational excellence cultivated over nearly 25 years in the insurance sector.

The Chairman of the Board, Kewsong Lee, expressed his enthusiasm, stating, “We are thrilled to have these three dynamic executives join our Board of Directors.” He emphasized that their collective experiences and unique leadership skills will foster growth opportunities within the organization. President and CEO Jonathan Zaffino echoed this sentiment, highlighting the strategic advantages that newcomers will bring to Ascot and its stakeholders.

Profiles of the New Board Members

Rosalind Brewer, currently acting as the interim President of her alma mater, Spelman College, has a formidable background, having served as the CEO of Walgreens Boots Alliance from 2021-2023, guiding over 450,000 employees globally. Her transformative leadership transitioned Walgreens into a leading healthcare destination, making it a recognizable brand in digital health retail. In addition to her significant role at Walgreens, Brewer has served in leadership positions at major corporations such as Starbucks, Walmart, and Kimberly-Clark, alongside holding various board memberships.

Martin Flanagan

Martin Flanagan is renowned for his tenure as President and CEO of Invesco from 2005 to 2023, where he led the firm’s strategic direction and major acquisitions, including Oppenheimer Funds. Currently the chairman of Engage Ventures, LLC, he possesses vast expertise in the venture capitalist landscape, aimed at empowering startups globally. Flanagan is a CFA charterholder and a CPA, highlighting his strong financial acumen and governance experience.

Robert Sewell

Assuming the role of Chairman of the Board for Ascot Underwriting Limited (AUL), Robert Sewell brings forward a wealth of executive experience. Before joining Ascot, he was the Chief Financial Officer for Pension Insurance Corporation from 2008 to 2021 and played a pivotal role as an Independent Non-executive Director at AIG Life Limited. His expertise and leadership will be critical in steering Ascot through its next growth phase.

Looking Ahead

The board's expansion aims to underscore Ascot Group’s commitment to adaptation and innovation amid changing market dynamics. Observers recognize that the new directors' skills will play a vital part in guiding Ascot to seize emerging opportunities while providing trusted leadership to navigate challenges ahead.

As Ascot Group looks to the future, the combined knowledge and diverse experience of Brewer, Flanagan, and Sewell reinforce the company’s trajectory towards sustained excellence and strategic growth, ensuring its clients and partners continue to receive unparalleled service and dedication.

With these pivotal appointments, Ascot is poised for a new chapter, fostering improved decision-making and innovating pathways in the global insurance landscape.