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

He can be chargeable for full monetary planning and evaluation in addition to tax and treasury actions.

Zaffino stated: “Mark’s distinctive and numerous experiences, alongside together with his undisputed monitor document 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 can be a big addition to our management workforce, our colleagues and our valued purchasers.”

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 chargeable for main the corporate’s worldwide finance operations and capital administration approaches.

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

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

Wilcox stated: “I look ahead to being part of Ascot’s distinctive management workforce and dealing to advance the corporate’s strategic agenda. 

“In a short while, I’ve been capable of see how dynamic and entrepreneurial Ascot’s tradition is, and I look ahead to working to raise its mission of making the very best specialty insurance coverage merchandise and reinsurance options for purchasers throughout the globe.”

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