“I also look forward to partnering with the board, management, and the entire Ascot team to further execute on the great success of the company. The future of the business is very bright, and I believe we have the right strategy, culture, and colleagues across the globe to deliver leading solutions and capabilities to our clients.”
Brooks, in the meantime, is “incredibly proud” of Ascot’s power and wonderful workforce, having seen the corporate’s development and success from when he got here onboard in 2001.
“I feel that now is the right time for me to take a step back,” mentioned Brooks. “I’m assured that the corporate is in one of the best place doable below Jon’s stewardship, which was an necessary consider his becoming a member of Ascot almost three years in the past.
“I know that with his leadership, alongside the continued and unwavering support of CPP Investments, Ascot is ready to capitalize on the opportunities ahead. I look forward to continuing to contribute to growth of the company as a member of the board.”
Executive chair Neill Currie had nothing however good phrases for the duo.
“On behalf of the board of directors, I’d like to congratulate Jon on this well-deserved appointment and look forward to working with him and Ascot’s management to continue Ascot’s success as one of the world’s pre-eminent specialty insurance and reinsurance organizations,” acknowledged Currie.
“We’d additionally like to increase our gratitude to Andrew Brooks. He joined the corporate at its inception and has led the group with distinction. He has been essential to the agency’s success, overseeing the expansion of Ascot from a Lloyd’s of London enterprise to a worldwide platform with operations within the US and Bermuda.
“He has also been a hugely influential figure in the London insurance industry, currently serving as chairman of the Lloyd’s Market Association and member of the boards of the Council of Lloyd’s and London Market Group. We look forward to continuing to work with him in an advisory capacity as he remains on the board of directors.”